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bailment

C1
noun

Pronunciation

UK

  • /bˈeɪlmənt/

US

  • /bˈeɪlmənt/

Description

Imagine your friend asks you to watch their prized guitar while they're on vacation. You don't own the guitar, but you have temporary control of it—that's a bailment! It's a legal relationship created when one person (the "bailor") temporarily transfers possession of personal property to another (the "bailee"), who agrees to return it later. Think of dry cleaning: you give your clothes to the cleaner, they hold them for a time, and then they return them. Or parking your car in a valet garage—the garage holds your car with the understanding they'll give it back when you return. Bailments happen all the time in everyday life!

Examples

  1. 1

    Theater coat

    When you leave your coat at the theater, the law may treat it as a bailment until you pick it up.

  2. 2

    Storage agreement

    The storage company accepted the equipment under a bailment agreement, but ownership stayed with the customer.

    • Phrase

      under a bailment agreement

      in a legal arrangement for temporary care of someone else’s property

  3. 3

    Hotel liability

    The court decided there was no bailment because the hotel had never taken control of the lost suitcase.

See also

nounlegal transfer of possession of personal property for temporary custody or a specific purpose

Similar

Contrast

Do not confuse

Used with (collocations)

  • contract of bailment
  • gratuitous bailment
  • bailment for hire
  • create a bailment

Word family

Explore

  • personal property
  • duty of care

Forms and spellings

1 form open this card.

Main spelling

  • bailmentnoun