wadset

noun

another name for mortgage

verb -sets, -setting or -setted

(tr) to pledge or mortgage

Word Origin for wadset

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

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

Examples from the Web for wadset

Historical Examples of wadset

The estates of Glengyle were pledged, or, as it is called in Scotland, "under a contract of wadset."
Memoirs of the Jacobites of 1715 and 1745
Mrs. Thomson