How Do You Spell WADSET?

Pronunciation: [wˈɒdsɛt] (IPA)

Wadset is a Scottish term for a form of mortgage. Its spelling can be confusing due to its phonetic pronunciation. Using IPA phonetic transcription, this word is pronounced /wad-sət/ with the stress on the first syllable. It is composed of two syllables: "wad" pronounced /wad/ meaning a pledge or security, and "set" pronounced /sət/ meaning a legal document. The spelling of the word "Wadset" may have originated from a combination of the words "wad" and "preset" since the borrower is obligated to make future payments according to a preset schedule.

WADSET Meaning and Definition

1. Wadset, also spelled wadsett, is a historical term used in Scotland that refers to a type of mortgage or security instrument. It is derived from the Old Norse word "vadseti" meaning "pledge" or "giving as security." A wadset typically involves the transfer of land or property ownership to a creditor as security for a loan or debt. The borrower, known as the wadsetter, retains possession and use of the property but may be required to pay interest or annual rent to the creditor.

   Wadsetting was a common practice during medieval times and was often used by landowners who needed to raise funds for various purposes such as investments, expenses, or debts. The wadsetter benefited from having a reliable income source, while the creditor gained security against defaulting on the loan.

   In the event of default, the wadsetter risked losing the property entirely to the creditor. The wadset could be redeemed if the borrower repaid the debt, including any interest or rent owed. The redemption often involved the payment of a specific sum, known as the redemption price or principal sum, agreed upon at the time of the wadset.

   Although wadsetting has largely become obsolete in modern legal and financial systems, it played a significant role in Scotland's economic history. Understanding the concept of wadset can provide valuable insights into historical landownership and financial practices in Scotland.

Common Misspellings for WADSET

• qadset
• aadset
• sadset
• 3adset
• 2adset
• wzdset
• wsdset
• wwdset
• wqdset
• waxset
• wacset
• wafset
• warset
• waeset
• wadaet
• wadzet
• wadxet
• waddet
• wadeet
• wadwet

Etymology of WADSET

The word "wadset" originates from Old Norse "vöðv-setr", which combines "vöðv" (pledge) and "setr" (dwelling or land). In medieval Scotland, wadset referred to a conditional land transfer arrangement where the borrower gave land as a security or pledge against a loan. Over time, the spelling of the word evolved into "wadset" in Scots and later in English. Today, the term is archaic and not commonly used.

Conjugate verb Wadset

CONDITIONAL

I would wadset

you would wadset

he/she/it would wadset

we would wadset

they would wadset

CONDITIONAL CONTINUOUS

I would be wadseting

you would be wadseting

he/she/it would be wadseting

we would be wadseting

they would be wadseting

CONDITIONAL PERFECT

I would have wadset

you would have wadset

he/she/it would have wadset

we would have wadset

they would have wadset

CONDITIONAL PERFECT CONTINUOUS

I would have been wadseting

you would have been wadseting

he/she/it would have been wadseting

we would have been wadseting

they would have been wadseting

FUTURE

I will wadset

you will wadset

he/she/it will wadset

we will wadset

they will wadset

FUTURE CONTINUOUS

I will be wadseting

you will be wadseting

he/she/it will be wadseting

we will be wadseting

they will be wadseting

FUTURE PERFECT

I will have wadseted

you will have wadseted

he/she/it will have wadseted

we will have wadseted

they will have wadseted

FUTURE PERFECT CONTINUOUS

I will have been wadseting

you will have been wadseting

he/she/it will have been wadseting

we will have been wadseting

they will have been wadseting

IMPERATIVE

you wadset

we let´s wadset

NONFINITE VERB FORMS

to wadset

PAST

I wadseted

you wadseted

he/she/it wadseted

we wadseted

they wadseted

PAST CONTINUOUS

I was wadseting

you were wadseting

he/she/it was wadseting

we were wadseting

they were wadseting

PAST PARTICIPLE

wadseted

PAST PERFECT

I had wadseted

you had wadseted

he/she/it had wadseted

we had wadseted

they had wadseted

PAST PERFECT CONTINUOUS

I had been wadseting

you had been wadseting

he/she/it had been wadseting

we had been wadseting

they had been wadseting

PRESENT

I wadset

you wadset

he/she/it wadsets

we wadset

they wadset

PRESENT CONTINUOUS

I am wadseting

you are wadseting

he/she/it is wadseting

we are wadseting

they are wadseting

PRESENT PARTICIPLE

wadseting

PRESENT PERFECT

I have wadseted

you have wadseted

he/she/it has wadseted

we have wadseted

they have wadseted

PRESENT PERFECT CONTINUOUS

I have been wadseting

you have been wadseting

he/she/it has been wadseting

we have been wadseting

they have been wadseting