👉 Bailment is a legal concept in which a person who has been convicted of a crime, is released from jail or prison and is then required to pay a fee to the court for doing so. This payment is known as a "bail" and it serves as a form of restitution to the victim or parties involved in the case. The term "bailment" refers to the act of paying a fee to a person who has been released from jail, often referred to as a bail