Definition of bailment

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Bailment (n.) 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..

Lern More About Bailment

Bailment :: Bailment (n.) 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..
Pledge :: Pledge (n.) The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn..
Deposit :: Deposit (v. t.) A bailment of money or goods to be kept gratuitously for the bailor.
Bailment :: Bailment (n.) The action of bailing a person accused.
Hire :: Hire (n.) A bailment by which the use of a thing, or the services and labor of a person, are contracted for at a certain price or reward..
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