bailment

[ beyl-muh nt ]

/ ˈbeɪl mənt /

the delivery of personal property returnable to the bailor after being held for some purpose.

Origin of bailment

1545–55; earlier bailement < Anglo-French; Old French baillement. See bail¹, -ment

The question of precedent is simply to what extent the old common law of bailment still survives.

The Common Law |Oliver Wendell Holmes, Jr.
Give an example of a bailment for the mutual benefit of both bailor and bailee.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various
If A pledges ten shares of stock in a corporation to his bank for a loan, this transaction constitutes this form of bailment.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various
If A delivers property to B, a transportation company, to be conveyed to C, the transaction is a bailment.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various

In mutual benefit bailments the bailee has the right to use the property bailed only for the purposes of the bailment.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various

bailment

/ (ˈbeɪlmənt) /

contract law a contractual delivery of goods in trust to a person for a specific purpose

criminal law the act of granting bail