BROWSE

Bailor

Definition

Bailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another person who subsequently has possession of the property. It arises when a person gives property to someone else for safekeeping, and is a cause of action independent of contract or tort.

What is 'Bailor'

An individual who temporarily relinquishes possession but not ownership of a good or other property under a bailment. The bailor entrusts the possession of the good or property to another individual, known as the bailee. A bailment is usually a contractual agreement between the bailor and the bailee that specifies the terms and purpose of the change in possession.

Explaining 'Bailor'

A bailor transfers possession, but not ownership, of a good to another party, known as the bailee, in the event of a bailment. While the good is in the bailee's possession, the bailor is still the rightful owner. A bailor/bailee relationship can be illustrated in the management of investment portfolios. A bailor can designate a bailee to supervise an investment portfolio for a particular time period. While the bailee does not own the portfolio, the bailor entrusts the chosen individual to ensure that the portfolio is in good hands until such time that the bailor can or wishes to resume the duties of managing the portfolio.


Further Reading


Indirect rule redux: the political economy of diamond mining and its relation to the Ebola outbreak in Kono district, Sierra Leone
www.tandfonline.com [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …

Synthesis of Glucopyranosyl Amides Using Polymer‐Supported ReagentsSynthesis of Glucopyranosyl Amides Using Polymer‐Supported Reagents
www.tandfonline.com [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …

The monetary fifth column: the eurodollar threat to financial stability and economic sovereigntyThe monetary fifth column: the eurodollar threat to financial stability and economic sovereignty
heinonline.org [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …

Bailee's Liability for Failure to Warn Bailor of Lack of Insurance: Source of the Duty of CareBailee's Liability for Failure to Warn Bailor of Lack of Insurance: Source of the Duty of Care
heinonline.org [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …

Revised CTUIR Renewable Energy Feasibility Study Final ReportRevised CTUIR Renewable Energy Feasibility Study Final Report
www.osti.gov [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …

The Bailor's Direct Right of Suing the Collecting Bank in the Case of International Collections——From the Perspective of the Unity of Rights and ObligationsThe Bailor's Direct Right of Suing the Collecting Bank in the Case of International Collections——From the Perspective of the Unity of Rights and Obligations
en.cnki.com.cn [PDF]
… that this analysis may prompt a consideration of much more proximal political-economic origins; when … social scientists to trace the pathological ramifications of other illicit financial flows … Mohamed Bailor Barrie, MBChB, MMSc is currently the Deputy Chief Policy and Partnerships …



Q&A About Bailor


Who can be considered as bailee?

Anyone who has possession of goods for any period of time can be considered as bailee.

What does the term "bailment" mean?

The term "bailment" means that there is a temporary transfer of possession, but not ownership, of goods to another party.

What is a bailor?

A bailor is an individual who temporarily relinquishes possession but not ownership of a good or other property under a bailment.

What is an expert writer or editor?

An expert writer or editor is someone who contributes to articles on Investopedia.

How many years has Investopedia existed?

Over 2&43; years.

Where do the contributors come from?

The contributors come from a range of backgrounds.

Can you name some examples where bailments are used?

Bailments are used in many different situations such as when someone leaves their car at the mechanic's shop for repairs and when someone entrusts their investment portfolio to an investment manager.

Who are the contributors to this article?

There have been thousands of expert writers and editors who have contributed to this article.