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

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky