Bullion
['bʊlj(ə)n] or ['bʊlɪən]
Definition
(noun.) gold or silver in bars or ingots.
(noun.) a mass of precious metal.
Typed by Chloe--From WordNet
Definition
(n.) Uncoined gold or silver in the mass.
(n.) Base or uncurrent coin.
(n.) Showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc.
(n.) Heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.
Checked by Blanchard
Definition
n. gold and silver in the mass and uncoined though occasionally used as practically synonymous with the precious metals coined and uncoined: a heavy twisted cord fringe often covered with gold or silver wire.—n. Bull′ionist one in favour of an exclusive metallic currency.
Checked by Aurora
Examples
- The owner of bank money cannot draw out bullion, without producing to the bank receipts for the quantity which he wants. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Abroad, it could sell only for its weight in bullion. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- A person can generally sell his receipt for the difference between the mint price of bullion and the market price. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- When this great company, therefore, bought gold bullion in order to have it coined, they were obliged to pay for it two per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The superiority of coin above bullion would prevent the melting down of the coin, and would discourage its exportation. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The proportions between the bank price, the mint price, and the market price of gold bullion, are nearly the same. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Upon one occasion, in 1763, it is said to have advanced for this purpose, in one week, about ?1,600,000, a great part of it in bullion. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- But in 1695, the common price of silver bullion was six shillings and fivepence an ounce, {Lowndes's Essay on the Silver Coin, 68. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Mr Locke imputed this high price to the permission of exporting silver bullion, and to the prohibition of exporting silver coin. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- This permission of exporting, he said, rendered the demand for silver bullion greater than the demand for silver coin. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The exportation of foreign coin and of bullion was made free. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In England, as the coinage costs nothing, the current coin can never be much more valuable than the quantity of bullion which it actually contains. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- What is paid for the keeping of bullion upon receipts, is alone supposed to amount to a neat annual revenue of between 150,000 and 200,000 guilders. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Since the reformation of the gold coin, the market price of standard gold bullion seldom exceeds ? 3:17:7 an ounce. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The price of the receipt, and the price of the bank money, compound or make up between them the full value or price of the bullion. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Typist: Moira