from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The act of delivering goods or personal property to another in trust.
from The Century Dictionary.
- noun The contract or legal relation which is constituted by the delivery of goods without transference of ownership, on an agreement expressed or implied that they be returned or accounted for, as a loan, a consignment, a delivery to a carrier, a pledge, a deposit for safe keeping, or a letting on hire.
- noun The act of bailing a prisoner or an accused person; also, the record of or documents relating to such a bailing.
from the GNU version of the Collaborative International Dictionary of English.
- noun (Law) The action of bailing a person accused.
- noun (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.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun obsolete
- noun law The
handing overof controlover, or possessionof, personal propertyby one person, the bailor, to another, the bailee, for a specific purposeupon which the partieshave agreed.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun the delivery of personal property in trust by the bailor to the bailee
Sorry, no etymologies found.
Although you haven't taken physical delivery of your bullion you have taken legal delivery (legally known as bailment).
In this case, the primary purpose for the "bailment" is the use and enjoyment by the player (bailee), for which compensation flows to the VW owner (bailor).
Another kind of bailment is the hiring of property for a reward.
"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.
"bailment" is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them.
This situation is called an “involuntary bailment” and under Terry v. Lock Hospitality, the only authority I could find (no Westlaw), the person who found the phone had a legal obligation to [show of hands] turn it over to the bar-owner!
This situation is called an “involuntary bailment” and under Terry v.
For Scotland, the answer was quite simple, since it simply talked about the hiring of goods, but in English law the statute referred to contracts for bailment, which made the whole thing a bit more complicated.
This would cause a huge flow of silver and gold into the United States, to be coined into official money, along with the creation of new “silver and gold banks” operating on the principle of bailment, not fractional reserves.
If you opened a current account which allowed you to withdraw the money at any time or x days notice etc. then this would constitute a bailment the bank being the bailee, and yourself the bailor.