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bid and asked.Securities. A notation describing the range of prices quoted for securities in an over-the-counter stock exchange. • Bid denotes the buying price, and asked denotes the selling price. See SPREAD(2). [Cases: Exchanges  13. C.J.S. Exchanges §§ 2, 18.][Blacks Law 8th]

  Bicameral Clause.The constitutional provision that creates the two legislative chambers of Congress. See U.S. Const. art. I, § 1. BID bid,n.1. A buyer’s offer to pay a specified price for something that may or may not be for sale <a bid at an auction> <a takeover bid>. best bid.The highest auction bid; in the…

bicameral,adj. (Of a legislature) having two legislative houses (usu. called the House of Representatives, or the Assembly, and the Senate). • The federal government and all states except Nebraska have bicameral legislatures. [Cases: States  26. C.J.S. States § 40.] — bicameralism,n.[Blacks Law 8th]

bias,n. Inclination; prejudice; predilection <the juror’s bias prompted a challenge for cause>. — bias,vb. — biased,adj. actual bias.Genuine prejudice that a judge, juror, witness, or other person has against some person or relevant subject. Cf. implied bias. implied bias.Prejudice that is inferred from the experiences or relationships of a judge, juror, witness, or other person.…

BIA.abbr.BUREAU OF INDIAN AFFAIRS. [Blacks Law 8th]

BHC.abbr.BANK HOLDING COMPANY.[Blacks Law 8th]

BFP. See bona fide purchaser under PURCHASER(1).[Blacks Law 8th]

BFOQ.abbr.BONA FIDE OCCUPATIONAL QUALIFICATION.[Blacks Law 8th]

beyond seas.Hist. 1.(Of a person) being absent from a jurisdiction or nation; out of the country, esp. across the ocean. • This term was used when a person could not be served with a summons, notice, etc. because the person was absent from the jurisdiction. Some jurisdictions toll the statute of limitations during a defendant’s…

beyond a reasonable doubt.See REASONABLE DOUBT. [Blacks Law 8th]