Bailment Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Bailment, written in plain English, along with examples of how it is used.
What is Bailment?
(n) Bailment is the process by which the custody of a property is transferred to another person or legal entity for safe keeping of such property. Normally bailment is a paid service and imparts a responsibility and obligation on the custodian to protect the goods