Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A gratuitous bailment terminable at the will of the bailor.

  • Black's Law Dictionary: 2nd Edition

    Lat In the civil law. One of the forms of the contract of bailment, being a naked bailment of goods to be kept for the use of the bailor without reward. Foster v. Essex Bank, 17 Mass. 498, 9 Ain. Dec. 168; Coggs v. Bernard, 2 Ld. Raym. 912. See Deposit. One of the four real contracts specified by Justinian, and having the following characteristics:
    (1) The depositary or depositee is not liable for negligence, however extreme, but only for fraud, dolus;
    (2) the property remains in the depositor, the depositary having only the possession. Precarium and sequestre were two varieties of the depositum.