Bailee Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Bailee, written in plain English, along with examples of how it is used.
What is Bailee?
(n) Baillie is the person who is holding a property as a security for due fulfillment of a contract or legal obligations for which such security is given or rendered. A bailee can act up on the property when the obligation is not fulfilled