gold or silver considered in mass rather than in value.
gold or silver in the form of bars or ingots.
Also called bullion fringe. a thick trimming of cord covered with gold or silver thread, for decorating uniforms.
embroidery or lace worked with gold wire or gold or silver cords.

1300–50; Middle English: melted mass of gold or silver < Anglo-Latin bulliōn- (stem of bulliō) in same sense (< Anglo-French bullion mint), literally, a boiling, equivalent to bull(īre) to bubble, boil1 + -iōn- -ion

bullionless, adjective

bouillon, bullion.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
bullion (ˈbʊljən)
1.  gold or silver in mass
2.  gold or silver in the form of bars and ingots, suitable for further processing
3.  Also called: bullion fringe a thick gold or silver wire or fringed cord used as a trimming, as on military uniforms
[C14 (in the sense: melted gold or silver): from Anglo-French: mint, probably from Old French bouillir to boil, from Latin bullīre]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

early 15c., "uncoined gold or silver," from Anglo-Norm. bullion "bar of precious metal," also "place where coins are made, mint," perhaps, through the notion of "melting," from O.Fr. boillir "to boil," from L. bullire "boil." But perhaps it is rather from O.Fr. bille "stick, block of wood."
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Bullion coins are gaining in popularity and many nations find them a lucrative
  way to raise funds.
Even if industrial users foresee shortages, there are ample stocks of bullion
  in private hands to satisfy demand.
With bullion prices rising and economic doubts gathering, times should be good
  for gold producers.
It does not pay them any interest, though they may earn a little by lending it
  to bullion dealers.
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