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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.

A wadset in Scotland," said Heriot, "is the same with a mortgage on this side of the Tweed; but you are not acquainted with your real creditor.

From The Fortunes of Nigel by Scott, Walter, Sir

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

From Memoirs of the Jacobites of 1715 and 1745 Volume II. by Thomson, Mrs.

One decision which excited his warm indignation was given in a suit by Lord Abbotshall against Francis Kinloch, who held a wadset over the estate of Gilmerton, which Abbotshall maintained was redeemable.

From Publications of the Scottish History Society, Volume 36 Journals of Sir John Lauder Lord Fountainhall with His Observations on Public Affairs and Other Memoranda 1665-1676 by Fountainhall, John Lauder, Lord

In 1637 the two Mackenzies, in virtue of these claims and the titles founded upon them, gave a wadset of the lands of Assynt to Kenneth Mackenzie of Scatwell in security for forty thousand merks.

From History of the Mackenzies, with genealogies of the principal families of the name by Mackenzie, Alexander

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 Memoirs of the Jacobites of 1715 and 1745 Volume II. by Thomson, Mrs.

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