bank note

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Related to Bank notes: bank draft, fiat money, Promissory notes

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 ?
Mr Carmichael's Bill would mean no distinction could be drawn between Scottish bank notes and others in the UK as forms of payment.
He said the need to print the additional bank notes was based on the premise that the 5bn was not enough to replace all the Legacy notes which were already in circulation and therefore there was a need to print additional money in the tune of the 10 billion.
government retired national bank notes as a currency in the 1930s during the Great Depression, as currency in the U.S.
Under the Specified Bank Notes (Cessation of Liabilities) Act, 2017, which was passed in March 2017, it is illegal for Indian citizens to hold more than ten notes of the invalid currency after March 31, 2017.
Guinigundo said the BSP will continue to produce the Duterte-signed NGC bank notes moving forward.
Employees benefitted from a refresher course in the security features built into bank notes, including substrate, design and ink and shiny features.
Turner will appear on the next GBP20 bank note, scheduled to be issued in 2020.
However, from January 1, 2016, such facility will only be available at identified bank branches and issue offices of the Reserve Bank." Soliciting cooperation from members of the public in withdrawing these bank notes from circulation, the RBI has urged them to exchange pre- 2005 bank notes at identified bank branches or issues offices of the Central bank convenient to them.
A NURSE was caught stealing money from sleeping patients in a police "sting" using marked bank notes.
Zeidi, who is reportedly based in the United Arab Emirates (UAE), materially assisted, sponsored, or provided financial, material, or technological support for the purchase or acquisition of US bank notes by the government of Iran.
THE Bank of England has named banknote firm De La Rue as preferred bidder to print the country's first plastic bank notes.
VAR of Bank Notes of Kazakhstan are being displayed