Lat. In the civil law. A convention whereby one allows another the use of a thing or the exercise of a right gratuitously till revocation. The bailee acquires thereby the lawful possession of the thing, except In certain cases. The bailor can re- demand the thing at any time, even should he have allowed it to the bailee for a desig- nated period. Mackeld. Rom. Law,

More On This Topic

Link to This Definition
Did you find this definition of PRECARIUM 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