wadset in a sentence
n.
📚 Grade Level: Grade 6, Grade 7
Definition
Wadset is a legal term in Scots law that refers to a type of mortgage or security interest in property.
Sample Sentences
- A wadset is a legal term referring to a form of mortgage in Scots law.
- The farmer secured a wadset on his land to finance the purchase of new equipment.
- In the 18th century, wadsets were a popular way for landowners to leverage their estates.
- The terms of the wadset allowed the borrower to retain possession of the property while repaying the debt.
- Understanding the concept of wadset is essential for studying Scottish property law.