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Meaning of BAILMENT

Pronunciation:  'beylmunt

WordNet Dictionary
 
 Definition: [n]  the delivery of personal property in trust by the bailor to the bailee
 
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 See Also: delivery, legal transfer, livery

 

 

Webster's 1913 Dictionary
 
 Definition: 
\Bail"ment\, n.
1. (Law) 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) 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.
 
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