Definitions for wadset
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Wiktionary
wadset(Noun)
The conveyance of land in pledge for a debt; a mortgage
wadset(Verb)
To mortgage land
Webster Dictionary
Wadset(noun)
a kind of pledge or mortgage
Citation
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"wadset." Definitions.net. STANDS4 LLC, 2013. Web. 19 Jun 2013. <http://www.definitions.net/definition/wadset>.

