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

A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in color and content according to the circumstances and time in which it is used.
Oliver Wendell Holmes, Jr.