Blob
Legal algebra. A variable. A textual placeholder interspersed in your boilerplate to indicate numerical things or proper nouns to be added later. So named because the most popular blobs are in fact, well, blobs: [·] [•] [●]
Office anthropology™
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Blobs are silly fripperies for a number of reasons.
Firstly, for technology-challenged legal eagles, they’re hard to find on the keyboard — you usually need to faff around with the “insert symbol” menu. Secondly, there are at least three types of blob: thin ones, middle-sized ones and fat-ones. see above. Each has a different ASCII code, and given the number of iatrogenic hands through which your document will pass, the likelihood that everyone settles on the same type of blob is low. Thus, mechanically finding and replacing blobs is fraught, and the residual that you’ve found and killed them all never quite goes away. And there is no greater crime, no greater stain on a red herring ninja’s honour than that comes through publishing a prospectus that still has blobs in it.
A blob is legal markup of nil significance, and as such is not to be confused with a Biggs hoson, being a legal markup of infinitesimally small, but some legal significance.