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 ?
The new $20 banknote features portraits of two Australians known for their enterprise and ingenuity.
It is expected that the $100 banknote will be released next year.
In addition, their security features, namely the satellite hologram and enhanced emerald number, have been upgraded.What has changed?The new banknotes have the silvery stripe on its right side.
'Unfit banknotes shall not be re-circulated by DMBs and CPCs.
He added that the turnover of the Azerbaijani manat today is 213 million banknotes worth 8.3 billion manats.
It won a prestigious international award by defeating her Euro-competition and was selected for a 2019 banknote at the High Security Printing EMEA conference held in Malta from 25 to 27 March 2019 , according to a press release from the BNB press office.
In the case of convertible mark (KM) banknotes, there were 535 counterfeits registered last year, being 22.58% less compared to 2017.
The Bank has been working closely with various parties in recent years to ensure that the new banknotes can be used in a broad range of typical day-to-day transactions across the country, including in machines that take or dispense banknotes.
BSP issues commemorative banknotes to honor an event of historic significance to the country.
The Senate of Uzbekistan on January 15 approved the specimen and design of a 100,000 soums banknote, the central bank of Uzbekistan said.
The combined share of Rs 500 and Rs 2000 banknotes which when put together in value terms accounted for 72.7 percent.
Summary: As Eid El-Adha approaches, the volume of banknotes and coins in circulation has reached a record level.