In metals, precious metals in bars or ingots.
In upholstery and textile arts, it's come to mean fringe with long strands, often in gold or silver colors. It is further generalized to indicate a rope trim, such as in Natural Cotton Bullion Fringe
An embroidery stitch where the decorative thread is wrapped around the needle several times before being anchored. Also known as French knot in some areas.
Fringe Bullion Fringe is made of plain or crepe cords, rather than yarns. The heading can be plain or decorative.