Bullion : (noun)
1: a mass of precious metal
2: gold or silver in bars or ingots
Based on WordNet 2.0
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Bullion : \Bul"lion\ (b[.u]l"y[u^]n), n. [Cf. OE. bullyon a hook
used for fastening the dress, a button, stud, an embossed
ornament of various kinds, e. g., on the cover of a book, on
bridles or poitrels, for purses, for breeches and doublets,
LL. bullio the swelling of boiling water, a mass of gold or
silver, fr. L. bulla boss, stud, bubble (see Bull an
edict), or perh. corrupted fr. F. billon base coin, LL.
billio bullion. Cf. Billon, Billet a stick.]
1. Uncoined gold or silver in the mass.
Note: Properly, the precious metals are called bullion, when
smelted and not perfectly refined, or when refined, but
in bars, ingots or in any form uncoined, as in plate.
The word is often often used to denote gold and silver,
both coined and uncoined, when reckoned by weight and
in mass, including especially foreign, or uncurrent,
coin.
2. Base or uncurrent coin. [Obs.]
And those which eld's strict doom did disallow, And
damm for bullion, go for current now. --Sylvester.
3. Showy metallic ornament, as of gold, silver, or copper, on
bridles, saddles, etc. [Obs.]
The clasps and bullions were worth a thousand pound.
--Skelton.
4. Heavy twisted fringe, made of fine gold or silver wire and
used for epaulets; also, any heavy twisted fringe whose
cords are prominent.
Based on Webster's Revised Unabridged Dictionary
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BULLION. In its usual acceptation, is uncoined gold or silver, in bars,
plates, or other masses. 1 East, P. C. 188.
2. In the acts of Congress, the term is also applied to copper properly
manufactured for the purpose of being coined into money. For the acts of
Congress, authorizing the coinage ofBullion : for private individuals, see
Act of April 2, 1792, s. 14, 1 Story, 230; Act of May 19, 1828, 4 Sharsw.
cont. of Story's Laws U. S. 2120; Act of June 28, 1834, Id. 2376; Act of
January 18, 1837, Id. 2522 to 2529. See, for the English law on the subject
of crimes against bullion, 1 Hawk. P. C. 32 to 41.
Based on Webster's Revised Unabridged Dictionary (1913)
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