Definition of ingot
1 : a mold in which metal is cast
2 : a mass of metal cast into a convenient shape for storage or transportation to be later processed
Recent Examples of ingot from the Web
That same month, Mali’s President Amadou Toumani Toure, surrounded by ministers and mining executives, poured what Pearl Gold described to investors as Kodieran’s first gold ingot.
Lead ingots had to be placed just ahead of the mast to get the sloop to measure to the One-Ton rule.
Native copper, meteorites or native iron, obsidian, amber, beads, copper, gold, silver and lead ingots have variously served as currency.
The ingots are worth about $8,000 total, according to police reports.
To craft the Evendale bell, 500 pounds of bronze ingots will be loaded into the 2,200-degree furnace.
The area is on alert for armed robbers and fraud — with many security guards and cameras, buzz-in doors and a phone app that verifies whether an ingot is real — but less so for simple low-tech larceny.
The report listed three other products — aluminum ingots, ammonium paratungstate and tungsten trioxide — that Hongxiang sold to North Korea and that the United States Commerce Department considers to have possible civilian and nuclear uses.
Men melt the metal over open fires to make ingots, sending acrid smoke into the air.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ingot.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Did You Know?
An ingot is a mass of metal that has been cast into a size and shape (such as a bar, plate, or sheet) that is convenient to store, transport, and work into a semi-finished or finished product. The term also refers to a mold in which metal is so cast. Steel ingots range in size from small rectangular blocks weighing a few pounds (or kilograms) to huge, tapered, octagonal masses weighing more than 500 tons (450 metric tons).
Origin and Etymology of ingot
Middle English, perhaps modification of Middle French lingot ingot of metal, incorrectly divided as l'ingot, as if from le the
First Known Use: 14th centurySee Words from the same year
Financial Definition of INGOT
What It Is
An ingot is a material -- usually metal -- that has been formed into a shape that eases its transportation.
How It Works
Gold nuggets are hard to count, inconvenient to weigh and difficult to transport. Melting the gold and forming it into bars makes things much more convenient. Below is an image of gold ingots from the Federal Reserve.
Note that ingots don't always have to be bars; the idea simply is to condense and organize the material, as many cultures have done for thousands of years.
Why It Matters
The Federal Reserve Bank of New York provides, among other things, gold storage for foreign governments and central banks. This gold is in the form of bars, which allows the bank to weigh it, stack it, and move it easily. In the United States, the Federal Reserve creates gold bars in three locations: Denver, San Francisco and New York. As of 2012, the Federal Reserve Bank of New York housed approximately 530,000 gold bars weighing a total of 6,700 tons. The gold is stored in a series of metal cages, each one dedicated to a separate account holder.
INGOT Defined for English Language Learners
Definition of ingot for English Language Learners
: a solid piece of metal that has been formed into a particular shape (such as a brick) so that it is easy to handle or store
INGOT Defined for Kids
Definition of ingot for Students
: a mass of metal cast into a shape that is easy to handle or store
Seen and Heard
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