BAILMENT • E-FREE TRANSLATION.COM • Definition of Bailment

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noun

Bailment n.

(Law) The action of bailing a person accused. "Bailment... is the saving or delivery of a man out of prison before he hath satisfied the law."

(Law) A delivery of goods or money by one person to another in trust, for some special purpose, upon a contract, expressed or implied, that the trust shall be faithfully executed. Note: In a general sense it is sometimes used as comprehending all duties in respect to property.

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Etymology of 'Bailment'

Collaborative International Dictionary of English 0.48

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"Bailment" Quotes from Famous Books

... as the intention to fulfill his promise. Where this belief is based simply on the opinion entertained of the person of the debtor, we speak of personal credit,(533) in contradistinction especially to the credit based on bailment, pledge, hypothecation etc. The longer the time between the making of the promise and the period fixed for its fulfillment, the less certain is the latter, where the security is simply the person of the debtor. It is chiefly in very uncivilized nations and also in ...

— Principles Of Political Economy • William Roscher

Words linked to "Bailment" : delivery, bail