Banknote

A negotiable promissory note issued by a bank and payable to the bearer on demand. The amount payable is stated on the face of the note. Banknotes are considered legal tender, and, along with coins, make up the bearer forms of all modern money.

Also known as a "bill" or a "note."

Originally, objects such as gold and silver were used to pay for goods and services. Eventually, they were replaced by paper money and coins that were backed by precious metals.

Currently, banknotes are backed only by the government. Although in earlier times commercial banks could issue banknotes, the Federal Reserve Bank is now the only bank in the United States that can create banknotes.


Investment dictionary. . 2012.

Look at other dictionaries:

  • banknote — bank‧note [ˈbæŋknəʊt ǁ noʊt] also bank note noun [countable] BANKING a piece of printed paper money made available by a bank, usually a country s main bank; = bank bill AmE: • Only the country s central bank h …   Financial and business terms

  • banknote — ank note , bank note ank note (b[a^][ng]k n[=o]t ). 1. A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4. [1913 Webster] Note: In the United States popularly called a {bank bill}. [1913… …   The Collaborative International Dictionary of English

  • banknote — index check (instrument) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Banknote — 2↑ Bank …   Das Herkunftswörterbuch

  • Banknote — [Network (Rating 5600 9600)] Auch: • Geldschein Bsp.: • Hast du einen 5£ Schein für mich? …   Deutsch Wörterbuch

  • banknote — ► NOUN ▪ a piece of paper money issued by a central bank …   English terms dictionary

  • Banknote — Banknotes with a face value of 5000 of different currencies. two sides of 1 …   Wikipedia

  • Banknote — Euroscheine Eine Banknote ist ein meist rechteckiges, beidseitig bedrucktes Papier, das von der nach dem Währungsgesetz des jeweiligen Staates berechtigten Bank ausgegeben worden ist und auf einen runden Betrag von Währungseinheiten lautet. Die… …   Deutsch Wikipedia

  • Banknote — Lappen (derb); Schein (umgangssprachlich); Note; Geldschein; Papiergeld * * * Bank|no|te [ baŋkno:tə], die; , n: Geldschein: gefälschte Banknoten. Syn.: 2↑ Schein. * * * Bạnk|no|te …   Universal-Lexikon

  • banknote — UK [ˈbæŋkˌnəʊt] / US [ˈbæŋkˌnoʊt] noun [countable] Word forms banknote : singular banknote plural banknotes formal a piece of paper money. The usual word is note …   English dictionary

  • Banknote — die Banknote, n (Mittelstufe) Zahlungsmittel aus Papier Synonyme: Geldschein, Papiergeld, Schein, Note Beispiel: Die Banknoten sind falsch. Kollokation: eine Banknote in Kleingeld wechseln …   Extremes Deutsch

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