Dictionary:
bail·ee (bā-lē') ![]() |
| 5min Related Video: bailee |
| Insurance Dictionary: Bailee |
Individual who has temporary rightful possession of another's property. The bailee often furnishes a receipt in exchange for the bailor's property. For example, a dry cleaner has temporary custody of a suit to be cleaned and must exercise proper care to safeguard it against physical loss. If the property is damaged, the bailee's insurance policy often becomes the primary coverage and must indemnify the loss.
| Law Encyclopedia: Bailee |
One to whom personal property is entrusted for a particular purpose by another, the bailor, according to the terms of an express or implied agreement.
| WordNet: bailee |
The noun has one meaning:
Meaning #1:
the agent to whom property involved in a bailment is delivered
| personal property | |
| bailor | |
| Bailment (insurance term) |
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Copyrights:
![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved. Read more | |
![]() | WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. Read more |
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