From Middle English wedsetten, equivalent to wed (“pledge”) + set. Wad is a Scottish form of wed.
wadset (countable and uncountable, plural wadsets)
- (obsolete, Scotland) The conveyance of land in pledge for a debt; a mortgage.
- 1829, Walter Scott, Rob Roy, Introduction to the 1829 edition,
- It was at this time that Rob Roy acquired an interest by purchase, wadset, or otherwise, to the property of Craig Royston already mentioned.
wadset (third-person singular simple present wadsets, present participle wadsetting, simple past and past participle wadsetted)
- (obsolete, Scotland) To mortgage land.