bailment
/ˈbeɪlmənt/
noun
- The act of giving goods or property to someone else for safekeeping, use, or transport, with the understanding that they will be returned later.
- When you leave your coat at a restaurant coat check, that is a bailment.
- Under the law of bailment, the person holding the items must take reasonable care of them.
- The car owner entered into a bailment agreement with the parking garage.
Synonyms