WordGarden.io
Back to search

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.

Forms and spellings

1 form open this card.

Main spelling

  • bailmentnoun