Third person singular present tense of 'bide,' meaning to wait, remain, or stay in a place.
From Old English 'bīdan,' a strong verb meaning to wait or remain; archaic in modern English but preserved in the phrase 'bides his time.'
You'll hear this in the famous phrase 'bides his time,' which means to wait patiently for the right moment—it's the opposite of rushing into things.
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