Business Terms and Jargon Explained

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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Materiality Intermediate goods Leone
Credit Risk Mitigation Preference Shares Compellable witness
Id est (i.e.) N6 Civil Court form Long Term Debt
CCCL Notice to quit Maturity
Order of committal Gross National Product Creditors
Acquisition Value added tax (VAT) Recorder
Ward of Court Customs Duty Stamp duty
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Privileged Will Locus in quo OHIM
Tentative Trust Social justice Personal data
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Term created / updated 2013-07-02 09:22:49

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