Legal Definitions - BEP

Definition: BEP stands for Bureau of Engraving and Printing. It is a government agencyresponsible for producing paper currency, postage stamps, and other government securities.

Example: The BEP is responsible for printing all U.S. paper currency, including the $1, $5, $10, $20, $50, and $100 bills.

Explanation: The example illustrates how the BEP is responsible for printing paper currency in the United States. The agency also prints postage stamps and other government securities, but the example focuses on the most recognizable product of the BEP - paper money.