Legal Definitions - bullion fund

Definition: A bullion fund is public money that a mint uses to purchase precious metals for coinage and to pay bullion depositors.

Example: The United States Mint uses a bullion fund to purchase gold and silver to produce coins like the American Gold Eagle and American Silver Eagle.

Explanation: The example illustrates how a bullion fund is used by a mint to acquire precious metals for coin production. The fund is also used to pay bullion depositors who provide the mint with raw materials for coinage.

Definition: A bull market is a financial market where prices are rising, and investor confidence is high.

Example: The stock market experienced a bull market in the 1990s, with the Dow Jones Industrial Average increasing from 3,000 to 11,000.

Explanation: The example shows how a bull market is characterized by rising prices and investor confidence, leading to increased investment and economic growth.

Definition: A bullpen is a term used in slang to refer to two different things: 1) an area in a prison where inmates are kept in close confinement, and 2) a detention cell where prisoners are held until they are brought into court.

Example: The suspect was held in the bullpen until his arraignment in court.

Explanation: The example illustrates how a bullpen is used as a detention cell where prisoners are held until they are brought into court.