bailment


bailment
bailment bail‧ment [ˈbeɪlmənt] noun [uncountable]
LAW the right to use someone else's property without becoming its owner

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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.