Found in the following dictionaries
SOWPODS (Collins Scrabble Words)
"Woold" Definition
verb
To wind a chain or rope around in order to strengthen (especially a mast or yard).
Source: Wiktionary
verb-transitive
To wind, or wrap; especially, to wind a rope round, as a mast or yard made of two or more pieces, at the place where it has been fished or scarfed, in order to strengthen it.
Nautical, to wind; particularly, to wind (a rope) round a mast or yard, when made of two or more pieces, at the place where they are fished, for the purpose of confining and supporting them.
Source: Century Dictionary