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 ?
In this article, we use a newly constructed semimonthly series of Southern bank note prices to investigate how Northern policy affected these prices in the South.
Now, we will assume that u ([gamma]) - [gamma] > 0, or [gamma] < q, which implies from (3) that the holder of a bank note is willing to trade with an agent holding no asset.
Table 2 and figure 3, opposite, show that $20 notes make up half the bank notes in circulation.
7653 or The New Central Bank Act, bank notes 'shall bear the signatures, in facsimile, of the President of the Philippines and of the Governor of the Bangko Sentral.'
If the note is genuine, the window should contain an embossed number of the denomination of the bank note. (1)
In 2007, Iran issued a bank note for 50,000 rials ($5.20) carrying an atomic symbol, the biggest note now in circulation.
A bank note does not cease to be legal tender simply because it is slightly used and grubby.
Sekuworks, a narrow web converter specializing in brand protection, has announced its acquisition of Northern Bank Note Company, a 116-year-old secured document printing company.
The Zimbabwe Central Bank has issued a new Z$1,000 bank note in the wake of inflation nearing 1,100% at mid-year.
If you believe you have received a counterfeit bank note, contact Barry CID on 01446 731 606 or Crimestoppers on 0800 555 111.
The note was designed by Jorge Peral, art director of the Canadian Bank Note Company.