Baily is the remnant of a lunar

Moon

The Moon is Earth's only known natural satellite,There are a number of near-Earth asteroids including 3753 Cruithne that are co-orbital with Earth: their orbits bring them close to Earth for periods of time but then alter in the long term . These are quasi-satellites and not true moons. For more...

 crater

Impact crater

In the broadest sense, the term impact crater can be applied to any depression, natural or manmade, resulting from the high velocity impact of a projectile with a larger body...

 on the boundary between Mare Frigoris

Mare Frigoris

Mare Frigoris is a lunar mare located just north of Mare Imbrium, and stretches east to north of Mare Serenitatis. The mare is in the outer rings of the Procellarum basin...

 to the north and Lacus Mortis

Lacus Mortis

Lacus Mortis, latin for "Lake of Death", is a plain of basaltic lava flows in the northeastern part of the Moon. It lies just to the south of the elongated Mare Frigoris, being separated by a slender arm of rugged ground...

 to the south. The crater interior has been flooded by lava

Lava

Lava refers both to molten rock expelled by a volcano during an eruption and the resulting rock after solidification and cooling. This molten rock is formed in the interior of some planets, including Earth, and some of their satellites. When first erupted from a volcanic vent, lava is a liquid at...

 in the past, and only the northern half of the crater rim remains relatively intact. There is an outward bulge in the northeastern rim, possibly the remnant of another crater formation that once overlapped Baily. The crater interior is flat and relatively featureless, with no impacts of significance. The surviving outer rim reaches a maximum elevation of about 0.5 km.

The nearest crater of note is Bürg

Bürg (crater)

Bürg is a prominent lunar impact crater in the northeast part of the Moon. It lies within the lava-flooded, ruined crater formation designated Lacus Mortis. To the south and southeast is the crater pair Plana and Mason. To the west, beyond the rim of Lacus Mortis, is the prominent crater...

 to the south-southwest. Further to the west is the prominent Aristoteles

Aristoteles (crater)

Aristoteles is a lunar impact crater that lies near the southern edge of the Mare Frigoris and to the east of the Montes Alpes mountain range. To the south of Aristoteles lies the slightly smaller crater Eudoxus and these two form a distinctive pair for a telescope observer. An arc of mountains...

.

Satellite craters

By convention these features are identified on lunar maps by placing the letter on the side of the crater mid-point that is closest to Baily.

Baily	Latitude	Longitude	Diameter
A	48.6° N	31.3° E	16 km
B	51.0° N	35.1° E	7 km
K	51.5° N	30.5° E	3 km