Definition of "bailment" [bail•ment]

• The process of providing bail for an accused person. (noun)
• The act of delivering goods or personal property to another in trust. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Although you haven't taken physical delivery of your bullion you have taken legal delivery (legally known as bailment)."
• "In this case, the primary purpose for the "bailment" is the use and enjoyment by the player (bailee), for which compensation flows to the VW owner (bailor)."
• "Another kind of bailment is the hiring of property for a reward."