Bailment at Business Glossary
What is it? A delivery of goods or personal property by one person (the bailor) to another (the bailee) on an express or implied contract for a particular purpose related to the goods while in possession of the bailee, who has a duty to redeliver them to the bailor.Business Dictionary Term Definition Added By: Matthew
The Bailment definition has been viewed 383 Time(s)!
Send To Friends!
If you'd like to send the Bailment definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Bailment. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Business Terms:
Business Term Involuntary liquidation preference is A premium that must be paid to preferred or preference stockholders if the issuer of the stock is forced into involuntary liquidation.Business Term Cost and Freight is A pricing term that indicates that the cost of the goods and freight charges are included in the quoted price.
Business Term quota rent is Extra profit producers make when supply is artificially limited by an import quota.
Business Term American Shares is Shares of a foreign corporation issued directly to U.S. investors through a transfer agent in accordance with SEC regulations.
Business Term Arbitrage is A method of taking advantage of the fact that there may be different prices in different markets for identical goods such as gold, foreign exchange or commodities. Simultaneously, one buys in the lower price market and sells in the higher one.