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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebBailmentDefinition: Bailment refers to the temporary transfer of possession or control of personal property from one party (the bailor) to another (the bailee), without transferring the ownership rights. It involves the delivery of goods for a specific purpose or period, after which the property is expected to be returned or disposed of as agreed upon. Examples of Usage:1. Noun - Legal Sense:"In the bailment agreement, the bailor entrusted his antique furniture to the bailee for restoration." 2. Noun - General Sense:"The bailment of the sports equipment to the school's athletic department was necessary for the upcoming tournament." 3. Noun - Local Context:"The local marketplace offers storage facilities for secure bailment of goods during the peak season." 4. Verb - Legal Sense:"The business owner had to bailment his company assets to secure a loan from the bank." 5. Verb - General Sense:"I had to bailment my car to my friend while I was out of town." Related Products: | ||||
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