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Definition of bailment
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of bailment is as below...
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..
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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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