This is the 146th most frequent Azerbaijani word.
bizim
"Our"
Here, 'bizim' is possessive, indicating something belonging to 'us'.
Bizim evimiz çox genişdir.
Our house is very spacious.
In this context, 'bizim' similarly indicates possession, pertaining to 'our' opinion.
O, bizim fikrimizi dəyişdi.
He changed our opinion.
Here, 'bizim' functions as a possessive adjective describing 'favorite teacher'.