wadset

/ ˈwɒdˌsɛt /

noun

1. another name for mortgage

verb

1. tr to pledge or mortgage

Word History and Origins

Origin of wadset¹

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

Example Sentences

The estates of Glengyle were pledged, or, as it is called in Scotland, "under a contract of wadset."

From Project Gutenberg