wadset

British  

/ ˈwɒdˌsɛt /

noun

1. another name for mortgage

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verb

1. (tr) to pledge or mortgage

Etymology

Origin of wadset

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

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Example Sentences

See Examples For:

wadset

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 Alexander Mackenzie

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 Lord John Lauder Fountainhall

He acquired Brea in Ferintosh, in wadset and it remained in his family for two generations.

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

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 Mrs. Thomson

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 Life of Mary Queen of Scots, Volume II (of 2) by Henry Glassford Bell

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