- bailment bail‧ment [ˈbeɪlmənt] noun [uncountable]LAW the right to use someone else's property without becoming its owner
* * *bailment UK US /ˈbeɪlmənt/ noun [U]► LAW the right to take possession temporarily of someone else's property: »
A contract of hire is a type of bailment.
Financial and business terms. 2012.