Associations to the word «Bailment»

Wiktionary

BAILMENT, noun. (obsolete) Bail.
BAILMENT, noun. (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.

Dictionary definition

BAILMENT, noun. The delivery of personal property in trust by the bailor to the bailee.

Wise words

Words are but symbols for the relations of things to one another and to us; nowhere do they touch upon absolute truth.
Friedrich Nietzsche