different between debt vs wadset

English

Alternative forms

• dette (obsolete)

Etymology

From Middle English dette, dett, borrowed from Old French dete (French dette), from Medieval Latin d?bita, from Latin d?bitum (“what is owed, a debt, a duty”), neuter of d?bitus, perfect passive participle of d?be? (“I owe”), contraction of *dehibe? (“I have from”), from de (“from”) + habe? (“I have”). Doublet of debit.

The unpronounced "b" in the modern English spelling is a Latinisation from the Latin etymon d?bitum.

Pronunciation

• IPA^(key): /d?t/
• Rhymes: -?t
• Homophone: death (with th-stopping)

Noun

debt (countable and uncountable, plural debts)

1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
2. The state or condition of owing something to another.
3. (finance) Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.
4. (law) An action at law to recover a certain specified sum of money alleged to be due.

   (Can we find and add a quotation of Burrill to this entry?)

Derived terms

Related terms

• debit
• debitor
• debtor
• indebted

Translations

See also

• owe

Further reading

• debt in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• debt in The Century Dictionary, New York, N.Y.: The Century Co., 1911.

Middle English

Noun

debt

1. Alternative form of dette

English

Alternative forms

• wadsett, wedset

Etymology

From Middle English wedsetten, equivalent to wed (“pledge”) +? set. Wad is a Scottish form of wed.

Noun

wadset (countable and uncountable, plural wadsets)

1. (obsolete, Scotland) The conveyance of land in pledge for a debt; a mortgage.
   • 1829, Walter Scott, Rob Roy, Introduction to the 1829 edition,^[1]

     It was at this time that Rob Roy acquired an interest by purchase, wadset, or otherwise, to the property of Craig Royston already mentioned.

Verb

wadset (third-person singular simple present wadsets, present participle wadsetting, simple past and past participle wadsetted)

1. (obsolete, Scotland) To mortgage land.
   • 1822, Allan Cunningham, "Death of the Laird Of Warlsworm", in Traditional Tales of the English and Scottish Peasantry, v. 2, p. 307.

     I thought I heard the footstep of the young portioner of Glaiketha; he'll be come to borrow gold and to wadset land.

See also

• wadsetter

Anagrams

• stawed, tawsed, wadest, wasted