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wadset

British  
/ ˈwɒdˌsɛt /

noun

  1. another name for mortgage

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

verb

  1. (tr) to pledge or mortgage

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of wadset

C14: wad, a Scottish variant of wed + set 1 ; compare Old English wedd settan to deposit a pledge

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Wadset, wod′set, n. a mortgage—also Wad′sett.—n.

From Project Gutenberg

For her patrimony, the Earl wadset to Halcro lands, in Widewall, Ronaldsvoe, and in South Ronaldshay, which lands were afterwards redeemed by Patrick Stewart, the Earl’s eldest son, 1598.

From Project Gutenberg

In his earlier years he had been intimate with Donald Campbell of Dungyle, who, although the nominal proprietor of these lands, derived nothing from them, as they were burdened by what is called, in Scottish law-language, a wadset.

From Project Gutenberg

The creditor was a man of influence and fortune; but, like most other Scottish proprietors who were enabled to take advantage of the wadset rights, he was grasping and merciless.

From Project Gutenberg

The estates of Glengyle were pledged, or, as it is called in Scotland, "under a contract of wadset."

From Project Gutenberg