Source : Webster's Revised Unabridged Dictionary (1913)

Bailment \Bail"ment\, n.
   1. (Law) The action of bailing a person accused.

            Bailment . . . is the saving or delivery of a man
            out of prison before he hath satisfied the law.
                                                  --Dalton.

   2. (Law) A delivery of goods or money by one person to
      another in trust, for some special purpose, upon a
      contract, expressed or implied, that the trust shall be
      faithfully executed. --Blackstone.

   Note: In a general sense it is sometimes used as
         comprehending all duties in respect to property.
         --Story.

Source : WordNet®

bailment
     n : the delivery of personal property in trust by the bailor to
         the bailee