wad·​set | \ ˈwadˌset, ˈwäd- \

Definition of wadset

 (Entry 1 of 2)

Scots law

wadset

noun
\ " \
plural -s

Definition of wadset (Entry 2 of 2)

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

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History and Etymology for wadset

Transitive verb

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

Noun

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

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“Wadset.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/wadset. Accessed 2 Mar. 2021.

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