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In law, a situation in which one party (the bailee) temporarily takes possession of the property of another party (the bailor). Unlike a lease, a bailment does not transfer the ability to use the property, only its possession. The bailee does, however, have a fiduciary responsibility to return the property in the same condition. See also: Bailee's Customer Insurance.


A legal relationship is which a person (bailor) surrenders control of personal property to another (bailee), but with the agreement that the goods will be returned or accounted for upon request.Bailees are not insurers of goods and are responsible only for their own negligence in carrying out the terms of the bailment agreement, not for any third-party theft or vandalism, unless the bailees specifically represented they would protect the goods against third parties.Warehouse operations are typically bailments,as are records storage businesses.Most self-storage facilities,in which consumers retain their own lock,are not bailments.

References in periodicals archive ?
Tilly emphasizes that his categories of inequality are not simply markers.
Table 1 shopws the number of mothers' and children's responses that fell into each of 12 categories.
Infants heard eight novel sounds from each of the two categories.
The "Language Specificity" category examines the extent to which the language that is used in the teachers' submitted rubrics clearly distinguishes each of the score categories (workshop objective 3).
Ad revenue for the month of December for the 22 categories rose 6.
One point often overlooked but which must be reinforced is that the usual categories child, adult, or old person do not map easily onto the experience.
In these three categories, there is definite opportunity to build a brand that will resonate with producers," states Vogel.
There is about a three-percentage-poin't difference between white males' representation in two job categories.
Retailers using the IPIC method may assign items to the BLS categories listed in either the CPI Detailed Report or the PPI Detailed Report.
Attachment III--Summary of Risk Weights and Risk Categories for State Member Banks
Table 246: Middle-East and Africa Online Retailing Sales (USD million), by Book, News and Stationery Categories, 2012 - 2017
414(r)-6(b)(2)(ii), a determination may be requested if 90% of the property or services provided by the SLOB falls within one or more of the specified industry categories and no more than 10% of the property or services provided by other SLOBs falls within the same industry category.