walking possession

noun

  • Procedural Law and Evidence
  • Debtor-Creditor
  • UK Law

Definitions of walking possession

  • (UK) the temporary possession of a debtor’s assets taken by a court official until the assets can be sold to satisfy the execution of a charge (=a security interest in those assets)

    If you refuse to sign the walking possession agreement, the bailiffs can immediately remove the goods they have seized.

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Phrase Bank for walking possession

Additional Notes for walking possession