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

All the great things are simple, and many can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.
Winston Churchill