bullion
bullion (buul-y[schwa]n). An uncoined solid mass of gold or silver.
bullion fund. Public money used by a mint to purchase precious metals for coinage and to pay bullion depositors.
mutui datio (myoo-choo-Iday-shee-oh). [Latin] Roman law. The lending of objects that could be weighed, measured, or counted (such as bullion, corn, wine, oil, and coined money), on the understanding that the borrower would repay by restoring an equal amount of the object borrowed. See MUTUUM(2).
assayer of the king. Hist. An officer of the royal mint, appointed by St.2 Hen. 6, ch. 12, who receives and tests bullion taken in for coining. — Also termed assayator regis.
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seigniorage (seen-y[schwa]r-ij), n. [Law French] 1. Hist. The tenure existing between lord and vassal. 2. Hist. A prerogative of the Crown; specif., the charge for coining bullion into money; mintage. 3. A royalty. 4. A profit.