Home | Home Insurance | Bailee
Insurance Jargon

Bailee


Definition:

Where a person who has a legal possession of goods belonging to another - IE. A launderette, they have a responsibility to take reasonable care of the goods that are left with them and look after them as if they are their own.

FOR DUMMIES

Self Explanatory


Date added: 2011-03-06 16:22:31   
RSS Feeds