bailment


Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.

bail·ment

 (bāl′mənt)
n.
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

bail•ment

(ˈbeɪl mənt)

n.
the act of furnishing bail, as by a bailor.
[1545–55; earlier bailement < Anglo-French. See bail1, -ment]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
A case for legal liability can be based on a bailment situation.
17) To qualify as a PPS lease, the term of the lease or bailment must be of a specified duration.
The OLCC operates on a bailment system, and the new software created a better inventory management system.
Acquiring Arrowhead Equipment allows Dejana to further leverage its relationship with truck and van OEMs and augment its position as a bailment pool upfitter.
Nationwide was sued, with plaintiffs alleging claims for violation of the Fair Credit Reporting Act, negligence, invasion of privacy by public disclosure of private facts, and bailment.
We also can provide a limit for Trailers under an Interchange Agreement or Bailment when requested by the insured.
The AUD15m ATM bailment service would see the Stargroup providing Goldfields Money with its own ATM machines to service customers in remote locations and other locations where banks are no longer offering their services.
After assessing the PS's claims in bailment, retention of title, unjust enrichment, unlawful conversion of property and the option to exercise maritime liens in other jurisdictions, the court held that the PS had no case that could be defined as an adverse competing claim and that the PS was simply seeking to circumvent the insolvency procedure.
Similarly, in bailments, commentators have advocated simplifying bailment duties, and courts have tinkered with them.
239) In more recent times, agistment is considered to be a "a type of bailment in which a person, for a fee, allows animals to graze on his or her pasture.
is deprived of the right to terminate the bailment.
A declaration requirement for gifts would help to clarify intent to make a donative transfer, as opposed to a loan or a bailment.