noun.
A solid block of more or less pure metal, often but not necessarily bricklike in shape and trapezoidal in cross-section, the result of pouring out and cooling molten metal, often immediately after smelting from raw ore or alloying from constituents.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun.
metal that is cast in the shape of a block for convenient handling
Word Usage
"What we are doing, Steve is we are working off our forecast which we review on a monthly basis and based on that forecast, we are stocking what is called ingot which is the product add of our melting operating or billet which is the product that goes in our hardworking operations."