Bailor


Definition of "Bailor"

Individual who retains title to property that is being transferred on a temporary basis to the care, custody, and/or control of another.

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Care, Custody, And Control

Phrase in most liability insurance policies that eliminates from coverage damage or destruction to property under the care, custody, and control of an ...

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Individual who has temporary rightful possession of another's property. The bailee often furnishes a receipt in exchange for the bailor's property. Fo ...

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Expectation of a monetary loss that can be covered by insurance. Insurable interest varies according to the type of policy. These relationships give r ...

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Coverage for legal liability resulting from damage or destruction of the bailor's property while under the bailee's temporary care, custody, and contr ...

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