noun
- plural of bailment; legal arrangements where personal property is temporarily transferred from one party (bailor) to another (bailee) for a specific purpose
Usage: legal term
Examples
- The law firm handled several bailments involving valuable artwork.
- Parking garages create bailments when they take custody of customers’ vehicles.
- The court reviewed multiple bailments to determine liability.
- Dry cleaners operate under bailments when accepting customers’ clothing.
- The warehouse company was responsible for managing various bailments.
- Insurance policies often cover losses during bailments.