bailment

[beyl-muh nt]

noun Law.

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

Origin of bailment

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

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples 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

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

bailment

noun Law.

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Origin of bailment

Examples from the Web for bailment

bailment

noun