Law Dictionary Definitions

by-election. See ELECTION(3).[Blacks Law 8th]

by-bidding. The illegal practice of employing a person to bid at an auction for the sole purpose of stimulating bidding on the seller’s property. — Also termed puffing. Cf. BIDDING UP; SHILLING(1). [Cases: Auctions and Auctioneers  7. C.J.S. Auctions and Auctioneers §§ 2, 8–17.][Blacks Law 8th]

by-bidder. At an auction, a person employed by the seller to bid on property for the sole purpose of stimulating bidding by potential genuine buyers; SHILL(2). — Also termed puffer. [Cases: Auctions and Auctioneers  7.C.J.S. Auctions and Auctioneers §§ 2, 8–17.][Blacks Law 8th]

BXA.abbr.BUREAU OF EXPORT ADMINISTRATION. [Blacks Law 8th]

BW.abbr.BID WANTED.[Blacks Law 8th]

buy–sell agreement. 1. An arrangement between owners of a business by which the surviving owners agree to purchase the interest of a withdrawing or deceased owner. Cf. CONTINUATION AGREEMENT. 2.Corporations. A share-transfer restriction that commits the shareholder to sell, and the corporation or other shareholders to buy, the shareholder’s shares at a fixed price when…

buyout,n. The purchase of all or a controlling percentage of the assets or shares of a business. Cf. MERGER(8). — buy out,vb. leveraged buyout.The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation’s assets.…

buying on margin.See MARGIN TRANSACTION.[Blacks Law 8th]

buy order.See ORDER(8).[Blacks Law 8th]

buying syndicate.See SYNDICATE. [Blacks Law 8th]