Bailment Definition
bālmənt
noun
The act of delivering goods or personal property to another in trust.
American Heritage
The providing of bail for an arrested person.
Webster's New World
The delivering of goods by one party to another to be held in trust for a specific purpose and returned when that purpose is ended.
Webster's New World
The delivery of personal property from one person (the bailor) to another (the bailee) in trust for some special purpose, as according to an express or implied contract. Only the lawful possession of the property, and not ownership, is transferred. The rights and duties of the parties as to the property depend on the purpose of the bailment and the terms of the contract. See also lease.
Webster's New World Law
Other Word Forms of Bailment
Noun
Singular:
bailment
Plural:
bailmentsBailment Is Also Mentioned In
Find Similar Words
Find similar words to bailment using the buttons below.