bank note

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Bank note

A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note. Today, only the Federal Reserve Banks are authorized to issue bank notes, i.e. Federal Reserve notes, in the United States.

Bank Note

A note issued by a bank and accepted as money. In a fiat money system (that is, in all modern monetary systems), a bank note is the same as cash. In general, bank notes are issued by the central bank (or by a bank authorized by the central bank to print money) and are legal tender. It is also called paper money.

bank note

Currency issued and guaranteed by a bank. The sole issuer of bank notes in the United States is the Federal Reserve Bank.

bank note

the paper CURRENCY issued by a CENTRAL BANK which forms part of a country's MONEY SUPPLY. Bank notes in the main constitute the ‘high value’ part of the money supply. See MINT, LEGAL TENDER, FIDUCIARY ISSUE, BANK OF ENGLAND.
References in periodicals archive ?
It is worth mentioning that State Bank issued a new design banknote series which started with the issuance of Rs 20 denomination banknote in 2005 to improve the security, durability and aesthetic quality of banknotes.
It is worth mentioning that the State Bank of Pakistan issued a new design banknote series which started with the issuance of Rs 20 denomination banknote in 2005 to improve the security, durability and aesthetic quality of banknotes.
88 of 2003 had granted the CBE the right to issue banknotes and identify its denominations and specifications.
The key trends observed in the banknote market include adoption of polymer banknotes, change in behavior of customers and color changing, as a dominant security feature in banknotes.
Bulgariaas central bank, as cited by Sega daily, informs that a total of around 69 million unfit banknotes have been registered since the summer of 2014, including nearly 16 million BGN 2 banknotes.
Chief Cashier Victoria Cleland said: "We have repeatedly heard how important banknotes are as a symbol of the United Kingdom.
Compared with the number of genuine euro banknotes in circulation, the quantity remains very low in Cyprus though there was an increase in the second half of 2014, when the figure was 210.
The issued patent has 19 claims and forms the basis for international filings as well as additional patent applications on associated hardware and processes for decontamination of banknotes.
The banknote features the signature of the Head of the Central Bank of Kazakhstan Kairat Kelimbetov.
He says the job of the Central Bank is to follow what banknotes are used most.
He also said, "Another challenge, facing the industry, is the forecasting of the demand banknotes.
uk in the FAQs section regarding Scottish and Northern Ireland banknotes.