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Longman Dictionary of Contemporary English
bullion
noun
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
gold
▪ That means gold lace, two epaulettes with gold bullion on each and blue cushions.
▪ Bribes have to be paid, often in gold bullion.
▪ The blue silk mortar board she wore was edged in gold lace with a gold bullion button and tassel.
▪ The coins are still the most widely traded gold bullion coin on the world's secondary bullion market.
▪ Other rip-offs in the past have centred on everything from gold bullion to currency trading.
▪ On the other hand, Moscow was one of the world's largest holders of gold bullion.
▪ Certainly gold, as bullion, is a practical means of storing wealth.
EXAMPLES FROM CORPUS
▪ All service vehicles apart from bullion and post office vans will also not be allowed to enter the areas between restricted hours.
▪ Bribes have to be paid, often in gold bullion.
▪ Other rip-offs in the past have centred on everything from gold bullion to currency trading.
▪ That means gold lace, two epaulettes with gold bullion on each and blue cushions.
▪ The coins are still the most widely traded gold bullion coin on the world's secondary bullion market.
The Collaborative International Dictionary
Bullion

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.

Douglas Harper's Etymology Dictionary
bullion

early 15c., "uncoined gold or silver," from Anglo-French bullion "bar of precious metal," also "place where coins are made, mint," perhaps, through the notion of "melting," from Old French boillir "to boil," from Latin bullire "boil" (see boil (v.)). But perhaps it is rather from Old French bille "stick, block of wood" (see billiards).

Wiktionary
bullion

n. 1 A bulk quantity of precious metal, usually gold or silver, assessed by weight and typically cast as ingots. 2 (context obsolete English) base or uncurrent coin 3 (context obsolete English) showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc. 4 (context obsolete English) A heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.

WordNet
bullion
  1. n. a mass of precious metal

  2. gold or silver in bars or ingots

Wikipedia
Bullion

Bullion is gold bars, silver bars, and other bars or ingots of precious metal. The word bullion comes from the French Minister of Finance under Louis XIII, Claude de Bullion.

The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass. To confirm the purity of the gold, a modern laboratory uses XRF technology to accurately assess its quality in order to ensure the owner receives fair market value for it. It is also weighed extremely accurately.

Retailers may sometimes market ingots and bars of base metals, such as copper, nickel, and aluminium as bullion, but this is not a widely accepted definition.

Bullion (disambiguation)

Bullion traditionally refers to gold, silver, and other precious metals in bars or ingots.

Bullion may also refer to:

  • Bullion (surname)
Bullion (surname)

Bullion is a surname. Notable people with the surname include:

  • Angélique Bullion, French benefactress influential in the foundation of Quebec
  • Laura Bullion (1876 – 1961), American female outlaw of the Old West
  • Stéphane Bullion (born 1980), French Etoile dancer of the Paris Opera Ballet
  • Claude de Bullion (1569 – 1640), French aristocrat and politician

Fictional characters:

  • Mr. Bullion, a fictional James Bond henchman from the film The World Is Not Enough

Usage examples of "bullion".

Suppose the bullion being assayed varies only a little, up or down, from 900 gold and 100 copper in the thousand, and that .

These coins certainly have bullion value, at six hundred dollars an ounce.

With bullion the parts in a thousand are given, and in those cases in which the percentage is very small, as in water analysis, it is convenient to report on parts in 100,000, or even on parts per 1,000,000.

In attempting to apply the process to the assay of bullion by working it on the principle of a Gay-Lussac assay, it was found that a very considerable excess of silver was required to complete the reaction.

The buttons of bullion obtained are afterwards remelted with borax and run into bars, the fineness of which varies from 600 to 830 thousandths.

In places, such as Mints, where large numbers of bullion assays are regularly made a special form of cupel is used so that not less than six dozen assays may all be cupelled at the same time in a muffle of ordinary size.

The lead volatilised from a gold bullion assay would need to be ten times as rich as this to account for a loss of gold equal to the hundredth part of a milligram.

In gold bullion assays this proportion should be obtained with fair exactness.

How much sheet lead must be used will depend partly on how much bullion is taken, partly on how much copper it contains.

With a large number of bullion assays systematically worked and checked a simple plan would be to always use the quantity of lead required by the alloy containing most copper which turns up for assay.

This weight, cut out of lead foil, would be kept in stock folded into little bags ready to receive the bullion and silver.

In bullion assays the flatting of the buttons requires care and practice for its skilful working.

Mints and places where bullion assays must be made with the highest attainable accuracy, the surcharge is determined by experiment, and the proper correction is made in the reports on the bullion.

This is done by making assays of gold of the highest degree of purity alongside of those of the bullion whose quality has to be determined.

By sunset tomorrow the guns and the bullion would begin their secret journey.