bank note

(redirected from banknote)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

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 banknote also includes a picture of the gumnut brooch Cowan had made to symbolise that entry into Parliament was a hard nut to crack for women, and the King Edward Memorial Hospital, a women's and maternity hospital that she helped establish.
According to the bank, the Disney banknote is authorized by the Pacific island state of Niue, a member of the Commonwealth, to a mint in New Zealand, which is the reason why the note is printed with the Queen of Britain on the other side.
The new NGC banknotes now bear the signature of Espenilla, took over the helm of the central bank in July, making him the fourth governor of the BSP.
Before this innovation, foil-based security features on banknotes were typically restricted to one colour, silver, which limited the design integration opportunities of the foil with the rest of the banknote design.
There is an annual plan for the issuance of banknotes in accordance with the vision of the CBE and the government, in which it avoids the over-issuance of cash because it will lead to inflation and price hikes, while the decline of banknote issuance can affect the economic activity and reduce growth rates.
Therefore, it has now been decided to phase out all remaining old design banknotes of Rs 10, 50, 100 and 1000', a statement of SBP issued said.
According to the National Bank of the Republic of Macedonia, a total of 480 million banknotes in all denominations have been printed in the past 20 years.
It should be noted first that the change in mass of banknotes in circulation had already been made in 2011 (50 and 20 TD Notes) and 2013 (10 and 5 TD Notes).
These banknotes were primarily supposed to enter circulation on January 2015 but the procedure was prolonged and now it is expected that the new banknotes will enter circulation in several months
In total 445,000 counterfeit euro banknotes were withdrawn from circulation in the eurozone in the second half of 2015 compared with 454,000 in the first half of the year and 507,000 in the second half of 2014.
This article describes the process of designing the next New Zealand banknote series, starting with the extensive analysis of requirements described in section 2.
The work with shabby banknotes consists of several stages.