SEALED BID

A private bid that is sealed and not to be opened until a specified time, such as when all bids are in and then they are collectively compared to determine a high bidder. A bid made that is sealed and not to be opened until a later event, usually when all bids for a job or auction are in and then all bids can be viewed and the highest bid selected. A private bid to be revealed … [Read more...] about SEALED BID

Term used to describe when an event has been witnessed, signed and delivered to the other party; a done deal. … [Read more...] about SEALED AND DELIVERED

Authenticated by a seal; executed by the affixing of a seal. Also fastened up in any manner so as to be closed against inspection of the contents. Sealed and delivered. These words, followed by the signatures of the witnesses, constitute the usual formula for the attestation of conveyances. Sealed instrument. An instrument of writing to which the party to be bound has affixed, … [Read more...] about SEALED

government. The seal used by the United States in congress assembled, shall be the seal of the United States, viz.: ARMS, pale-ways of thirteen pieces argent and gules; a chief azure; the escutcheon on the breast of the American eagle displayer proper, holding in his dexter talon, an olive branch, and in his sinister, a bundle of thirteen arrows, all proper, and in his beak a … [Read more...] about SEAL OF THE UNITED STATES

(A) A stamping device that leaves an impression on paper that is used to permanently mark documents with an official sign that authenticates the signer. For example, corporations and notaries usually have seals. (B) To conceal from the public record, to seal the record shut so that it may not be viewed. For example, a juvenile offender's record may be sealed so that the … [Read more...] about SEAL