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wadset

transitive verb wad·set \ ˈwadˌset , ˈwäd- \
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Definition of wadset

Scots law
: mortgage, pledge

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Origin and Etymology of wadset

Scots, alteration of Middle English wedsetten to pledge, from 1wed + setten to set

2

wadset

noun \ " \

Definition of wadset

plural -s
Scots law
: mortgage, pledge, pawn; especially : a mortgage of real estate given by a borrower to a lender formerly transferring possession only but later the legal title

Origin and Etymology of wadset

Scots, alteration of Middle English wedset mortgage, from wedsetten to pledge

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