bailment


Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.

bail·ment

 (bāl′mənt)
n.
The act of delivering goods or personal property to another in trust.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

bailment

(ˈbeɪlmənt)
n
1. (Law) contract law a contractual delivery of goods in trust to a person for a specific purpose
2. (Law) criminal law the act of granting bail
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

bail•ment

(ˈbeɪl mənt)

n.
the act of furnishing bail, as by a bailor.
[1545–55; earlier bailement < Anglo-French. See bail1, -ment]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bailment - the delivery of personal property in trust by the bailor to the bailee
legal transfer, livery, delivery - the voluntary transfer of something (title or possession) from one party to another
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Seminar focused on the many aspects of international art transactions, such as issues of title, conflict of laws, export controls, bailment, insurance and transportation, art loans and even the potential impact of Brexit on existing contracts.
Although there are other property theories beyond the "bundle-of-rights," the bundle of rights metaphor is descriptively useful to describe the complex relationship that may arise from data bailment. See Jane B.
intimacy of the home, (2) into papers held in bailment, and (3) into
(11) The Herzog family alleged that the seizure of the Collection constituted a breach of a bailment, the Court went on to reason that the Herzog family's claim fell within the FSIA expropriation exception and that jurisdiction over the foreign state exists.
The OLCC operates on a bailment system, and the new software created a better inventory management system.
Acquiring Arrowhead Equipment allows Dejana to further leverage its relationship with truck and van OEMs and augment its position as a bailment pool upfitter.
The AUD15m ATM bailment service would see the Stargroup providing Goldfields Money with its own ATM machines to service customers in remote locations and other locations where banks are no longer offering their services.
After assessing the PS's claims in bailment, retention of title, unjust enrichment, unlawful conversion of property and the option to exercise maritime liens in other jurisdictions, the court held that the PS had no case that could be defined as an adverse competing claim and that the PS was simply seeking to circumvent the insolvency procedure.
Similarly, in bailments, commentators have advocated simplifying bailment duties, and courts have tinkered with them.