[]
baddestbunny
18:46
Warning
Info
LSDefine
Simple English definitions for legal terms
poinding
Read a random definition: enclose
A quick definition of poinding:
Term: POINDING
Definition: Poinding is a legal action in Scotland where a person who is owed money by someone else can take possession of the debtor's movable property (things that can be moved, like furniture or vehicles) to pay off the debt. This is done with the permission of the court and is a way for creditors to get their money back when the debtor is unable or unwilling to pay.
A more thorough explanation:
POINDING
Poinding is a legal term used in Scottish law. It refers to the act of a creditor seizing a debtor's physical movable property to pay off a debt.
Example 1: John owed money to his landlord for rent. As he failed to pay the rent on time, the landlord obtained a court order for poinding. The landlord then seized John's television, laptop, and other movable property to satisfy the debt.
Example 2: Mary had a debt of £500 to her friend. As she was unable to pay the debt, her friend obtained a court order for poinding. The friend then seized Mary's car, which was worth £500, to satisfy the debt.
The examples illustrate the concept of poinding, which is a legal process used by creditors to recover debts from debtors. In both examples, the creditors obtained a court order for poinding and then seized the debtors' movable property to satisfy the debt. This process is commonly used in Scotland to enforce judgments against debtors who fail to pay their debts.