Source : Webster's Revised Unabridged Dictionary (1913)

Bleed \Bleed\, v. i. [imp. & p. p. {Bled}; p. pr. & vb. n.
   {Bleeding}.] [OE. bleden, AS. bl?dan, fr. bl?d blood; akin to
   Sw. bl["o]da, Dan. bl["o]de, D. bloeden, G. bluten. See
   {Blood}.]
   1. To emit blood; to lose blood; to run with blood, by
      whatever means; as, the arm bleeds; the wound bled freely;
      to bleed at the nose.

   2. To withdraw blood from the body; to let blood; as, Dr. A.
      bleeds in fevers.

   3. To lose or shed one's blood, as in case of a violent death
      or severe wounds; to die by violence. ``C[ae]sar must
      bleed.'' --Shak.

            The lamb thy riot dooms to bleed to-day. --Pope.

   4. To issue forth, or drop, as blood from an incision.

            For me the balm shall bleed.          --Pope.

   5. To lose sap, gum, or juice; as, a tree or a vine bleeds
      when tapped or wounded.

   6. To pay or lose money; to have money drawn or extorted; as,
      to bleed freely for a cause. [Colloq.]

   {To make the heart bleed}, to cause extreme pain, as from
      sympathy or pity.

Bleed \Bleed\, v. t.
   1. To let blood from; to take or draw blood from, as by
      opening a vein.

   2. To lose, as blood; to emit or let drop, as sap.

            A decaying pine of stately size, bleeding amber.
                                                  --H. Miller.

   3. To draw money from (one); to induce to pay; as, they bled
      him freely for this fund. [Colloq.]

Source : WordNet®

bleed
     v 1: lose blood from one's body [syn: {shed blood}, {hemorrhage}]
     2: draw blood; "In the old days, doctors routinely bled
        patients as part of the treatment" [syn: {leech}, {phlebotomize},
         {phlebotomise}]
     3: get or extort (money or other possessions) from someone;
        "They bled me dry--I have nothing left!"
     4: be diffused; "These dyes and colors are guaranteed not to
        run" [syn: {run}]
     5: drain of liquid or steam; "bleed the radiators"; "the
        mechanic bled the engine"
     [also: {bled}]