contracts. A written obligation, by which a debtor acknowledges himself indebted in a certain sum, may one hundred dollars, and for the payment of the debt binds himself in a larger sum, say two hundred dollars. Bills penal do not frequently occur in modern practice; bonds, with conditions, have superseded them. Bills-penal are sometimes called bills obligatory. … [Read more...]
BIND OVER
When a criminal defendant is ordered to remain in police custody or to pay bail while awaiting trial. … [Read more...]
BISANTIUM, BESANTINE, BEZANT
An ancient coin, first issued at Constantinople ; it was of two sorts,gold, equivalent to a ducat, valued at 9s. 6d.; and silver, computed at 2s. They were both current in England. Wharton. … [Read more...]
BILLA
Lat. A bill; an original hill. Billa excambii. A bill of exchange. Billa exonerationis. A bill of lading. Billa vera. (A true bill) In old practice. The indorsement anciently made on a bill of indictment by a grand jury, when they found it sufficiently sustained by evidence. 4 Bl. Comm. 306. … [Read more...]
BINDER
A temporary insurance agreement that provides protection while the final agreement is being completed. … [Read more...]