Simple English definitions for legal terms
Read a random definition: reasonable wear and tear
Term: BW
Definition: BW is an abbreviation for "Bid Wanted".
It means that someone is looking for offers to buy something.
Term: BW
Definition: BW is an abbreviation for "Bid Wanted".
Example: The trader received a BW message from a client who wanted to sell a large amount of bonds.
Explanation: In the financial industry, a "Bid Wanted" message is a request from a seller to potential buyers to submit bids for a security or asset. The example illustrates how a trader received a message from a client who wanted to sell a large amount of bonds and was looking for potential buyers to submit bids.