Law Dictionary Definitions

binding authority.See binding precedent under PRECEDENT. [Blacks Law 8th]

binding agreement.See AGREEMENT. [Blacks Law 8th]

binding,adj.1. (Of an agreement) that binds <a binding contract>.2. (Of an order) that requires obedience <the temporary injunction was binding on the parties>.[Blacks Law 8th]

binder. 1. A document in which the buyer and the seller of real property declare their common intention to bring about a transfer of ownership, usu. accompanied by the buyer’s initial payment. 2. Loosely, the buyer’s initial payment in the sale of real property. Cf. EARNEST MONEY. 3. An insurer’s memorandum giving the insured temporary…

bind day.See BOON DAY.[Blacks Law 8th]

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…

bill to take testimony de bene esse.See BILL(2).[Blacks Law 8th]

bill to suspend a decree.See BILL(2).[Blacks Law 8th]

bill to perpetuate testimony.See BILL(2).[Blacks Law 8th]

bill to enforce a decree.See bill to carry a decree into execution under BILL (2).[Blacks Law 8th]