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wadset

noun
  1. another name for mortgage
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verb -sets, -setting or -setted
  1. (tr) to pledge or mortgage
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Word Origin

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

  • 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