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Simple English definitions for legal terms
BEP
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A quick definition of BEP:
Term: BEP
Definition: BEP stands for Bureau of Engraving and Printing. It is a government agency that makes money for the United States. They print paper money and make coins. They also make special documents like passports and certificates.
A more thorough explanation:
Definition: BEP stands for Bureau of Engraving and Printing. It is a government agency responsible for producing paper currency, postage stamps, and other government securities.
Example: The BEP is responsible for printing all U.S. paper currency, including the $1, $5, $10, $20, $50, and $100 bills.
Explanation: The example illustrates how the BEP is responsible for printing paper currency in the United States. The agency also prints postage stamps and other government securities, but the example focuses on the most recognizable product of the BEP - paper money.