Outrageously Funny Word Dictionary :: Bailments

👉 Bailments are transactions in which a person agrees to pay money or goods to another party, typically for the purpose of obtaining something from them. The payment is usually made by the creditor to the debtor, who then takes possession of the goods or property if they cannot return it on time. In many jurisdictions, bailments can be performed either through a formal process such as a will, or as an informal arrangement where the parties agree to pay money directly to one another. The payment is typically made

bailments