bailor

bailor definition - business

bailor

A person who leaves personal property in the care of someone else (bailee). A borrower who provides a lender with securities as collateral for a loan is an example of a bailor.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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