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countable and uncountable, plural wadsets
(obsolete, Scotland) The conveyance of land in pledge for a debt; a mortgage. quotations
It was at this time that Rob Roy acquired an interest by purchase, wadset, or otherwise, to the property of Craig Royston already mentioned.
1829, Rob Roy, Walter Scott, Introduction to the 1829 edition
third-person singular simple present wadsets, present participle wadsetting, simple past and past participle wadsetted
(obsolete, Scotland) To mortgage land. quotations
I thought I heard the footstep of the young portioner of Glaiketha; he'll be come to borrow gold and to wadset land.
1822, Allan Cunningham, “Death of the Laird Of Warlsworm”, in Traditional Tales of the English and Scottish Peasantry, volume 2, page 307