bailment definition

  • noun:
    • the entire process of supplying bail for an accused person.
    • The act of delivering items or personal home to a different in trust.
    • Bail.
    • The handing over of control over, or ownership of, individual residential property by someone, the bailor, to some other, the bailee, for a certain function where the events have agreed.
    • The activity of bailing people accused.
    • A delivery of products or money by one person to some other in trust, for some special-purpose, upon a contract, expressed or implied, that the trust will probably be faithfully performed.
    • The contract or appropriate relation that will be constituted because of the delivery of goods without transference of ownership, on an agreement expressed or implied they be returned or taken into account, as financing, a consignment, a delivery to a carrier, a pledge, a deposit for safe-keeping, or a letting on hire.
    • The work of bailing a prisoner or an accused person; additionally, the record of or documents associated with such a bailing.
    • the distribution of individual property in trust because of the bailor towards bailee

Related Sources

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