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pantherj

03/18/11 12:05 PM

#333705 RE: loanranger #333665

It has a slightly different meaning in legal terms:

Legal Dictionary

Main Entry: bail·ee
Pronunciation: bA-'lE
Function: noun
: an individual or entity (as a business organization) having possession of another's personal property under a bailment
NOTE: Carriers and warehouses are two examples of bailees. A bailee's liability for loss or damage to property is determined by the terms of the bailment or the law of the jurisdiction.