Definition, Meaning & Synonyms

poind

verb

/pɔɪnd/

Definition

To seize property in order to ensure a debt is paid or to secure a claim.

Examples

The bank decided to poind the assets of the borrower who failed to repay the loan.
After numerous warnings, the company had no choice but to poind inventory to recover its losses.

Meaning

Poind is a legal term often used in Scotland referring to the act of taking possession of a debtor’s goods to secure a financial obligation or court judgment.