Entry 3 senses · 3 variants Webster, 1913 Scot /skät/ · IPA /ˈskɑt/ n. n. n. 01 n. A name for a horse. 1. A name for a horse.[Obs.] 02 n. A native or inhabitant of Scotland; a Scotsman, or Scotchman. 1. A native or inhabitant of Scotland; a Scotsman, or Scotchman. 03 n. A portion of money assessed or paid; a tax or contribution; a mulct; a fine; a shot. 1. A portion of money assessed or paid; a tax or contribution; a mulct; a fine; a shot. “Experienced men of the world know very well that it is best to pay scot and lot as they go along.” — Emerson.