🔤 Wadsetting

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URDU

قرض کے بدلے زمین دینے کا سکاٹش طریقہ، زمینی رہن
🅰️ Roman Urdu:
qarz ke badle zameen dene ka Scottish tareeqa, zameeni girwi
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ENGLISH

📚noun
wadsetting
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PRONUNCIATION

Standard: /ˈwɒdˌsɛtɪŋ/
Phonetic: /wod set ing/
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DEFINITION

a Scottish system of securing a debt with land, a land pledge
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EXAMPLE SENTENCES

The historical contract recorded a wadsetting arrangement between two neighboring families. Wadsetting allowed landowners to secure loans without selling their estates. The legal scholar explained wadsetting through several eighteenth century documents. Under wadsetting, possession could pass to the creditor until repayment. The archive contains detailed records concerning agricultural wadsetting agreements.
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SYNONYMS

land pledge mortgage security
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