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bailment

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
bail·ment  (blmnt)
n.
1. The process of providing bail for an accused person.
2. The act of delivering goods or personal property to another in trust.

bailment [ˈbeɪlmənt]
n
1. (Law) Contract law a contractual delivery of goods in trust to a person for a specific purpose
2. (Law) Criminal law the act of granting bail
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bailment - the delivery of personal property in trust by the bailor to the bailee
legal transfer, livery, delivery - the voluntary transfer of something (title or possession) from one party to another


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There are two kinds of bailees: (1) A "true bailee" or a "bailee under a bailment transaction": This is someone who takes possession of another''s property with the owner''s consent - you borrow someone''s car, for example.
 
 
 
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