Meaning of “ingot” in the English Dictionary


"ingot" in Business English

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ingotnoun [ C ]

uk /ˈɪŋɡət/ us

a solid block of metal, especially one of gold or silver:

If you buy ingots, storage and insurance costs mean you effectively have a negative yield because gold produces no income.
a gold/silver/aluminium ingot

(Definition of “ingot” from the Cambridge Business English Dictionary © Cambridge University Press)