WADSET

wadset (countable and uncountable, plural wadsets)

(obsolete, Scotland) The conveyance of land in pledge for a debt; a mortgage.

wadset (third-person singular simple present wadsets, present participle wadsetting, simple past and past participle wadsetted)

(obsolete, Scotland) To mortgage land.

• stawed, tawsed, wadest, wasted

Source: Wiktionary

Wad"set, n. Etym: [Scot. wad a pledge; akin to Sw. vad a wager. See Wed.] (Scots Law)

Definition: A kind of pledge or mortgage. [Written also wadsett.]

Source: Webster’s Unabridged Dictionary 1913 Edition

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