wadset

/ (ˈwɒdˌsɛt) Scots law /

noun

another name for mortgage

verb -sets, -setting or -setted

(tr) to pledge or mortgage

Nearby words

wadi halfa, wading bird, wading pool, wadmal, wadna, wadset, wadsworth, wady, wae, waesucks, waf

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

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