bailment

A legal term referring to the delivery of personal property by one party (the bailor) to another (the bailee) in trust, typically for a specific purpose, after which the property is to be returned or disposed of according to the bailor's instructions.

• 🇩🇪Rechtsbegriff für die treuhänderische Übergabe beweglicher Sachen durch eine Partei (Hinterleger) an eine andere Partei (Verwahrer), meist zu einem bestimmten Zweck, wonach die Sache zurückgegeben oder nach Weisung des Hinterlegers weitergegeben werden muss.

1. Delivery of property in trust C2 formal legal

   The legal act of transferring possession of personal property from one party (the bailor) to another (the bailee) for a specific purpose, with the understanding that the property will be returned or disposed of according to instructions.

   • The dry cleaner accepted the suit under a bailment agreement.
   • A parking lot operator often holds cars under a form of bailment.
   • The court ruled that the bailment was valid and the bailee was responsible for the item's safety.

   🇩🇪Übertragung von Sachen zur Verwahrung

• bailments plural form
• bailments' possessive plural form
• bailment's possessive singular form