Bailor Legal Meaning and Definition

Here is a simplified definition of the legal term Bailor.

Bailor (noun)

A Bailor is someone who temporarily hands over their property or possessions to another individual or entity, usually for safekeeping. The intention is to retrieve the property after a specific period or event. If any harm comes to the property while in the care of the other party (called the 'bailee'), the bailor may hold them responsible or liable for the damage.