Origin of Bullion
Middle English ingot of precious metal from Anglo-Norman from Old French billon (from bille stick billon) and from Old French bouillon bubble on the surface of boiling liquid (from boilir to boil boil1)
From American Heritage Dictionary of the English Language, 5th Edition
From Middle English bulloin, bullioun, from Anglo-Norman bullion, of obscure origin, perhaps from French bouillon, extending the sense to that of 'melting'. Middle Dutch boelioen (“base metal”) seems to have come from the unrelated French billon.
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