bound - definition in the Business English Dictionary - Cambridge Dictionaries Online

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bound

adjective
 
 
/baʊnd/
[after noun] LAW having a legal duty to do something: be bound to do sth Because of international treaty obligations, the Government is legally bound to consider every asylum claim.be bound by sth Many government agencies are bound by a federal order to adequately serve speakers of other languages or risk losing funding.
[before noun] COMMERCE kept at or below an agreed or allowed level: a bound level/rate/tariff Overall, the percentage of developed countries' imports of industrial goods under bound rates rose from 94% to 99%.
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(Definition of bound from the Cambridge Business English Dictionary © Cambridge University Press)
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