wadsetter Sc.
(ˈwɒdsɛtə(r))
Also 7 wodsetter.
[f. wadset v. and n. + -er1.]
1. One who puts his land to wadset; a mortgagor. rare.
| 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. Ser. iii. (1902) 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.
| 1678 Sir G. Mackenzie Crim. Laws Scot. i. xxiv. §iv. (1699) 122 The Wadsetter runs all hazard of the Lands Wadset to him. 1758 in Nairne Peerage Evid. (1874) 67 James and George Neasmyths wadsetters of a part of Ardblae. 1799 R. Bell Syst. Forms of Deeds Scot. 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 Scott Wav. xx, The elders of his own tribe, wadsetters and tacksmen, as they were called, who occupied portions of his estate as mortgagers or lessees. 1889 Lockhart Ch. Scot. 13th Cent. 104 note, His father..being a wadsetter at Drumgask. |