Bullion definition

Bullion means gold, silver, or platinum in a bulk state, where its value depends on its content rather than its form, with a purity of not less than 900 parts per 1,000.

Bullion means the Precious Metal standing to your credit in your Unallocated Account.

Bullion means Silver, Gold, Platinum and/or Palladium as appropriate.

Examples of Bullion in a sentence

• A three day rollover fee is applied to all CFD's on Fridays, all Spot Forex and Bullion on Wednesdays, with the exception of USDCAD (US Dollar vs Canadian Dollar), USDRUB (US Dollar vs Russian Rouble) and USDTRY (US Dollar vs Turkish Lira), or any other spot currency pair with T+1 settlement period that may be offered by VICTORIAN MONEY LIMITED in the future, where a three day rollover fee is applied on Thursdays.

• The pricing includes: • payments for copper and silver based on the relevant metal prices as quoted on the London Metal Exchange (for copper) and the London Bullion Market Association (for silver) averaged over an agreed quotational period; • less agreed treatment and refining charges and penalties which were negotiated on an arms’ length basis.

• Notwithstanding any provision to the contrary in these Terms, none of the Gold Corporation Group shall be liable to you and you waive and release any claim against any member of the Gold Corporation Group for any liability in excess of the value of the Precious Metal recorded in your Holding Account at the relevant time, such value to be determined by using the London Bullion Market Association “London a.m. fix” on the relevant Business Day.

• We will not in any circumstances be liable to you for any amount in excess of the value of the Precious Metal recorded in your Holding Account at the relevant time, such value to be determined by using the first Precious Metal benchmark price as set by London Bullion Market Association on the relevant Business Day.

More Definitions of Bullion

Bullion has the meaning set forth in the 2005 ISDA Commodity Definitions.

Bullion means gold in the form of uniquely identifiable bars or ingots of minimum fineness of 99.5% gold from an approved refiner on the LBMA Good Delivery List of Acceptable Refiners: Gold.

Bullion means any Silver held by us or any Sub-Custodian in the Allocated Account from time to time.

Bullion means any gold, platinum, silver, nickel, gold alloys, platinum alloys, silver alloys, nickel alloys or bronze or other minting alloys in the form of ingots, bars, strips, sheets, scissel, cuttings, granules, rejected coins, blanks, filings, sweepings, dross, scrap or wire; and

Bullion means gold in physical form complying with the Rules of the Relevant Association held by the Custodian or any Sub-Custodian under this Agreement and/or any credit balance in the Unallocated Account as the context requires;

Bullion means precious metals that are formed into uniform shapes and quantities such as ingots, bars, or plates, with uniform content and purity, as are suitable for or customarily used in the purchase, sale, storage, transfer, and delivery of bulk or wholesale transactions in precious metals.

Bullion means at any time in respect of each Metal Share the gold, silver, platinum and/or palladium to which that class of Metal Share relates;