What does bailment mean?
A transfer of possession or custody of goods or property from one person to another for a specific purpose, often with the intention of returning the goods or property to the original owner. A bailment is a temporary transfer of possession or custody.
Example
"The store's bailment of the package to the delivery service was a crucial step in getting the item to the customer."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.