wadsettern.
/ˈwɒdsɛtə/, U.S. /ˈwɑdˌsɛdər/, Scottish English /ˈwɔdsɛtər/ Scottish.
1. One who puts his land to wadset; a mortgagor. rare.
ΘΚΠ
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > mortgagor
mortgagor1543
mortgager1607
wadsetter1625
hypothecator1828
rehypothecator1878
mortgagee1897
1625 in Ld. Durie Reports (1690) 43 He had Comprised the Reversion of the same Lands, which he had in Wodset of before, from the Wodsetter.
1864 Ld. Deas in Scots Revised Rep. (1902) 3rd Ser. III. 330 The right of property in the lands remained with the wadsetter, subject to the burden of the wadset; and when the wadset was subsequently discharged, that burden was effectually wiped off.
2. One who holds by a wadset, a mortgagee.
ΘΚΠ
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > mortgagee
mortgagee1584
wadsetter1678
the man astride the rigging tree1855
encumbrancer1858
1678 G. Mackenzie Laws & Customes Scotl. i. 242 The wodsetter [1699 wadsetter] runs all hazard of the Lands wodset to him.
1758 in Minutes of Evid. Nairne Peerage (1873) 67 in Sessional Papers House of Lords (H.L. A) XII. 65 James and George Neasmyths wadsetters of a part of Ardblae.
1799 R. Bell Syst. Forms of Deeds Scotl. II. 23 The purpose of this act was to preserve the right of the reverser, who, by these absolute rights had been exposed to the acts of the wadsetter.
1814 W. Scott Waverley I. xx. 305 The elders of his own tribe, wadsetters and tacksmen, as they were called, who occupied portions of his estate as mortgagers or lessees. View more context for this quotation
1889 W. Lockhart Church Scotl. in 13th Cent. 104 (note) His father..being a wadsetter at Drumgask.
This entry has not yet been fully updated (first published 1921; most recently modified version published online December 2021).
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n.1625