bailment

[ beyl-muh nt ]

/ ˈbeɪl mənt /

noun Law.

the delivery of personal property returnable to the bailor after being held for some purpose.

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Origin of bailment

1545–55; earlier bailement < Anglo-French; Old French baillement. See bail¹, -ment

Words nearby bailment

bailey bridge, bailie, bailiff, bailiwick, baillie, bailment, bailor, bailout, bailsman, baily, baily's beads

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for bailment

The question of precedent is simply to what extent the old common law of bailment still survives.
The Common Law|Oliver Wendell Holmes, Jr.
Give an example of a bailment for the mutual benefit of both bailor and bailee.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various
If A pledges ten shares of stock in a corporation to his bank for a loan, this transaction constitutes this form of bailment.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various
If A delivers property to B, a transportation company, to be conveyed to C, the transaction is a bailment.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various

In mutual benefit bailments the bailee has the right to use the property bailed only for the purposes of the bailment.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various

British Dictionary definitions for bailment

bailment

/ (ˈbeɪlmənt) /

noun

contract law a contractual delivery of goods in trust to a person for a specific purpose

criminal law the act of granting bail

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012