bailment

American  

[beyl-muhnt] / ˈbeɪl mənt /

noun

Law.

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

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bailment British  

/ ˈbeɪlmənt /

noun

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

2. criminal law the act of granting bail

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Etymology

Origin of bailment

1545–55; earlier bailement < Anglo-French; Old French baillement. See bail ¹, -ment

Example Sentences

Second, there are the real contracts of debt and bailment.

From An Introduction to the Philosophy of Law by Pound, Roscoe

HIRE-PURCHASE AGREEMENT, in the law of contract, a form of bailment of goods, on credit, which has extended very considerably of late years.

From Encyclopaedia Britannica, 11th Edition, Volume 13, Slice 5 "Hinduism" to "Home, Earls of" by Various

Bailment, in law, is a delivery of goods, in trust, upon agreement that the trust shall be executed, and the goods restored by the bailee, when the purpose of the bailment shall have been, answered.

From The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens. by Young, Andrew W.

And so I let him have my fish; and that was a bailment, and it was not for my benefit, but his, and so he ought to have taken very especial care of it.

From Rollo's Museum by Abbott, Jacob

Here ended the lecture on the law of bailment.

From Rollo's Museum by Abbott, Jacob