Safekeeping Practices

1 words in this vocabulary list

noun A legal relationship in which physical possession of personal property is transferred from one party (the bailor) to another party (the bailee) for a specific purpose, typically without transfer of ownership.

  • The bailment agreement outlined the terms and conditions for the temporary transfer of possession of the goods.
  • I left my laptop with my friend as a bailment while I went on vacation.
  • I'm just holding onto this jacket for my friend, it's like a bailment or something.
  • Their relationship felt like a bailment of emotions, with each person holding onto the other's feelings temporarily.