Bleed is a Time Magick spell in Final Fantasy XII that inflicts the Sap status. The license is Time Magick 4, costing 35 LP. The spell itself costs 12 MP to cast. It can be bought in Rabanastre, and Eruyt Village for 1,100 gil.
In the International Zodiac Job System version, the Bleed License is Time Magick 5 that costs 60 LP. It is only available for the Time Mage job class.