bailment

[US]/ˈbeɪlmənt/
[UK]/ˈbālˌmənt/
Frequency: Very High

Translation

n.the act of giving someone temporary possession or control of property; the act of releasing a person from custody by paying money as security for their appearance in court; a transaction involving the temporary transfer of property for a fee
Word Forms
Pluralbailments

Phrases & Collocations

bailment agreement

termination of bailment

duration of bailment

gratuitous bailment

bailment for hire

Example Sentences

the bailment agreement outlined the responsibilities of both parties.

in a bailment situation, the bailee must take care of the property.

the bailment contract was signed to protect the owner's assets.

she was worried about the safety of her belongings during the bailment.

the terms of bailment require the bailee to return the items in good condition.

understanding bailment laws is crucial for business owners.

the bailment ended when the owner retrieved their property.

he was relieved to find that the bailment had been properly documented.

in a bailment, the bailee is not the owner of the property.

the company specialized in bailment services for valuable items.

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