The Collaborative International Dictionary of English v.0.48:

Bailee \Bail`ee"\ (b[=a]l`[=e]"), n. [OF. baill['e], p. p. of
   bailler. See Bail to deliver.] (Law)
   The person to whom goods are committed in trust, and who has
   a temporary possession and a qualified property in them, for
   the purposes of the trust. --Blackstone.
   [1913 Webster]

   Note: In penal statutes the word includes those who receive
         goods for another in good faith. --Wharton.
         [1913 Webster]

WordNet (r) 3.0 (2006):

bailee
    n 1: the agent to whom property involved in a bailment is
         delivered