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 number of cases involving counterfeit bank notes increased from 168 cases in the first 10 months of 2009, to 196 cases in the first 10 months of 2010.
Bank note prices were typically reported by state and not by individual banks in the state.
p] is the price of a bank note in terms of consumption goods.
Canadians can contribute to this special anniversary project by visiting a dedicated webpage and providing ideas about what would best represent Canada s 150th as well as how these can best be depicted in images on a commemorative bank note.
4 billion bank notes and c9,000 tonnes of bank note paper for the financial year.
According to Major Osuba, the bank note as well as the certificates, and documents were all fake.
Each gamecard contains a unique set of eight bank notes so the more you collect the more chances you have of winning it big
Today we're giving you a new blue Make Money gamecard containing another unique set of eight green half bank notes.
Recently Mike returned to the bank with old paperwork to reclaim the box and was presented with the bank note, along with a collection of wage packets, IOUs, and old money.
The introduction of a higher-denomination bank note saves printing and processing costs, but only to the extent that the public shifts its demand from $100s to larger-denomination notes.
The gang at the heart of the magic bank note scam that has baffled detectives in Yorkshire has worked its way southwards.
Printing a bank note costs just under 3p, and the Bank says a switch to plastic would depend on how much more the new material would cost.