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(1). An open position you need to fill so badly, it doesn’t really matter who you get as long as you get them in soon.
“Look, with Aaron and Frank both quitting three weeks apart, we need to get a warm body in here to start punching keys ASAP.”
(1). A specialty or area of expertise. The term is often used to avoid answering a question you don’t know the answer to.
“Well, international taxation of fishing leases isn’t exactly my bailywick, but I have a few partners who’ll be able to help you. I took the liberty of inviting all of them to this meeting.”
