wadset (Meaning)
Webster
wadset (n.)
A kind of pledge or mortgage.
Synonyms & Antonyms of wadset
No Synonyms and anytonyms found
wadset Sentence Examples
- The wadset system prevailed as the primary form of land tenure in medieval Scotland.
- A wadset transaction transferred ownership of land as security for a debt.
- The creditor in a wadset held the land until the debt was repaid, with the right to collect rent from it.
- The debtor could redeem the land at any time by paying off the debt in full.
- Wadsets initially emerged as a means to secure loans in the absence of a formal banking system.
- Over time, wadsets evolved into a complex and elaborate system with its own set of legal principles.
- The wadset system provided flexibility to both creditors and debtors by allowing for variations in the terms of the arrangement.
- Some wadsets were redeemable on demand, while others had fixed redemption dates.
- The wadset system declined in popularity as a result of the introduction of modern banking practices and the feudal system.
- Despite its decline, the wadset system left a lasting impact on Scottish land law and property rights.
FAQs About the word wadset
A kind of pledge or mortgage.
No synonyms found.
No antonyms found.
The wadset system prevailed as the primary form of land tenure in medieval Scotland.
A wadset transaction transferred ownership of land as security for a debt.
The creditor in a wadset held the land until the debt was repaid, with the right to collect rent from it.
The debtor could redeem the land at any time by paying off the debt in full.
