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 Am. Dec. ICS; Coggs v. Bernard, 2 Ld. Raym.912. See DEPOSIT.One of the four real contracts specified by Justinian, and having the followingcharacteristics: (1) The depositary or depositee is not liable for negligence, howeverextreme, but only for fraud, dolus; (2) the property remains in the depositor, thedepositary having only the possession, I’recarium and sequcstre were two varieties ofthe depositum.
Link to This DefinitionDid you find this definition of DEPOSITUM helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary