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

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