Business terms and jargon explained. Your business dictionary

What is Walking Possession

Legalese Explained: Legal term: A signed agreement by a debtor not to remove goods levied by a bailiff under the authority of a warrant of execution and to allow the bailiff access at any time to inspect the goods, in consideration of which the bailiff leaves the goods in the possession of the debtor.

© Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website . Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2013-07-02 09:22:49

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