Definitions

1. noun

finely worked or wrought metal, especially gold, silver, or platinum, often in the form of bars or coins

“The bank stored a large quantity of gold bullion in its vaults.”

2. noun

a supply or reserve of valuable metal

“The company’s bullion stock was worth millions of dollars.”

3. verb

to melt down or refine metal, especially gold or silver, from ore

“The process involves smelting and bullion to extract the precious metals.”