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bullion - What does it mean?

Definition of 'bullion'

English

Noun

  • A bulk quantity of precious metal, usually gold or silver, assessed by weight and typically cast as ingots.
  • (obsolete) base or uncurrent coin
  • * Sylvester
  • And those which eld's strict doom did disallow, / And damn for bullion , go for current now.
  • (obsolete) showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc.
  • * Skelton
  • The clasps and bullions were worth a thousand pound.
  • (obsolete) A heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.
  • (Webster 1913)