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
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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 1745Mrs. Thomson