bind - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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bind

verb [T]
 
 
/baɪnd/
LAW if a legal agreement or official decision binds someone, it forces them to do something or to keep a promise: bind sb to do sth The contracts bind investors to maintain the road.be bound to sth We are bound to the original contract
COMMERCE to agree not to increase the rate of a tax, tariff, etc. above a particular level: bind sth (at sth) Jamaica bound all its industrial tariffs at a uniform ceiling rate of 50%. →  Compare bound
(Definition of bind from the Cambridge Business English Dictionary © Cambridge University Press)
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