BAILMENT

bailment

(noun) the delivery of personal property in trust by the bailor to the bailee

Source: WordNet® 3.1

Etymology

Noun

bailment (plural bailments)

(obsolete) Bail.

(legal) The handing over of control over, or possession of, personal property by one person, the bailor, to another, the bailee, for a specific purpose upon which the parties have agreed.

Hypernyms

• (in law): contract

Hyponyms

• (in law): deposit

• (in law): loan

• (in law): mandate

• (in law): pawn

• (in law): pledge

Anagrams

• Main Belt, bimental, libament, main belt, mintable

Source: Wiktionary

Bail"ment, n.

1. (Law)

Definition: The action of bailing a person accused. Bailment . . . is the saving or delivery of a man out of prison before he hath satisfied the law. Dalton.

2. (Law)

Definition: A delivery of goods or money by one person to another in trust, for some special purpose, upon a contract, expressed or implied, that the trust shall be faithfully executed. Blackstone.

Note: In a general sense it is sometimes used as comprehending all duties in respect to property. Story.

Source: Webster’s Unabridged Dictionary 1913 Edition