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wadset

British  
/ ˈwɒdˌsɛt /

noun

  1. another name for mortgage

"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

verb

  1. (tr) to pledge or mortgage

"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

Etymology

Origin of wadset

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


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

It was at this time that Rob Roy acquired an interest by purchase, wadset, or otherwise, to the property of Craig Royston already mentioned.

From Rob Roy — Volume 01 by Sir Walter Scott

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

A wadset in Scotland," said Heriot, "is the same with a mortgage on this side of the Tweed; but you are not acquainted with your real creditor.

From The Fortunes of Nigel by Sir Walter Scott

The creditor was a man of influence and fortune; but, like most other Scottish proprietors who were enabled to take advantage of the wadset rights, he was grasping and merciless.

From Memoirs of the Jacobites of 1715 and 1745 Volume II. by Mrs. Thomson

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

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