Definition of "wadset" [wad•set]

• The conveyance of land in pledge for a debt; a mortgage (noun)
• To mortgage land (verb)

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• "It was at this time that Rob Roy acquired an interest by purchase, wadset, or otherwise, to the property of Craig Royston already mentioned."
• "Sandie Goldie, the silversmith, would do mickle for his honour; but there was little time to get the wadset made out; and, doubtless, if his honour"
• "The estates of Glengyle were pledged, or, as it is called in Scotland, "under a contract of wadset.""