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Simple English definitions for legal terms
action for poinding
Read a random definition: cosigner
A quick definition of action for poinding:
Action for poinding is a legal process where a creditor can seize the property and goods of a debtor to pay off a debt or enforce a distress. It is a type of civil judicial proceeding that seeks to protect the rights of the creditor and recover the money owed. This action was commonly used in the past, but it is not widely used today.A more thorough explanation:
Action for poinding is a legal action taken by a creditor to seize the land, rents, and goods of a debtor to satisfy a debt or enforce a distress. For example, if a person owes money to a creditor and fails to pay, the creditor can take legal action for poinding to seize the debtor's property and sell it to recover the debt.
One example of action for poinding is when a landlord takes legal action to seize a tenant's property for unpaid rent. The landlord can use the action for poinding to seize the tenant's belongings and sell them to recover the unpaid rent.