BIMETALLISM

bimetallism. A monetary system in which currency is defined in terms of two metals (usu.

gold and silver), both being legal tender and with a fixed rate of exchange between them. • The American money system was based on a bimetallic standard from 1792 to 1873. BIND

bind,vb.1. To impose one or more legal duties on (a person or institution) < the contract binds the parties> <courts are bound by precedent>.2.Hist. To indenture; to legally obligate to serve. — bindingness,n. — binding,adj.[Blacks Law 8th]