bailment

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“
You, in fact, bailed the cabinet to the society Yes, sir," said the children And as the bailment was for your advantage, as well as theirs, you ought not to have taken possession of the property again, until a fair opportunity had been afforded to accomplish the purpose of the bailment, that is, the collection of a cabinet by the society.

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Definitions (6)

Toggle American Heritage definitions American Heritage Dictionary (2)

  1. noun The process of providing bail for an accused person.
  2. noun The act of delivering goods or personal property to another in trust.

Toggle Century definitions Century Dictionary (2)

Toggle GNU Webster definitions GNU Webster's 1913 (1)

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Examples (50)

  • Although you haven't taken physical delivery of your bullion you have taken legal delivery (legally known as bailment). —  Safehaven
  • When one party (in this case the horse owner, or bailor) delivers property to another (the farm owner, or bailee), a bailment is created. —  TheHorse.com News
  • A bailment generally does not create a fiduciary relationship between the parties, such as that of a trustee or guardian, in which a duty to act for the benefit of the horse owner would be imposed by law on the owner of the farm. —  TheHorse.com News
  • A bailment does impose upon the person accepting the property (the farm owner) the duty to exercise ordinary care. —  TheHorse.com News
  • The common law rule is that when a bailment is created, the farm owner into whose care the boarding horse is entrusted is presumed to be responsible for any harm suffered by the horse. —  TheHorse.com News
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Etymologies (1)

Toggle Century etymologies Century Dictionary (1)

  1. Early modern English also bailement, from Old French baillement, from bailler, deliver, bail: see bail, v., and -ment.
 

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/ˈbeɪlmənt/
by American Heritage

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