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bank note
bank′note`
n. a promissory note, payable on demand, issued by an authorized bank and intended to circulate as money. [1685–95] Thesaurus| Noun | 1. |  bank note - a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"bank bill, banker's bill, banknote, Federal Reserve note, government note, greenback, bill, notefolding money, paper currency, paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for speciesilver certificate - formerly a bank note issued by the United States Treasury and redeemable in silverc-note, hundred dollar bill - a United States bill worth 100 dollarsfifty dollar bill, fifty - a United States bill worth 50 dollarstwenty dollar bill, twenty - a United States bill worth 20 dollarsten dollar bill, tenner - a United States bill worth 10 dollarsfive dollar bill, fiver, five-spot - a United States bill worth 5 dollarstwo dollar bill - a United States bill worth 2 dollarsdollar bill, one dollar bill, buck, clam, dollar - a piece of paper money worth one dollar |
EncyclopediaSeeBank NotesBank note
Related to Bank note: Loan noteBANK NOTE, contracts. A bank note resembles a common promissory note, (q. v.) issued by a bank or corporation authorized to act as a bank. It is in fact a promissory note, but such notes are not, for many purposes, to be considered as mere securities for money; but are treated as money, in the ordinary course and transactions of business, by the general consent of mankind and, on payment of them, when a receipt is required, the receipts are always given as for money, not as for securities or notes. 1 Burr. R. 457; 12 John. R. 200; 1 John. Ch. R. 231; 9 John. R. 120; 19 John. 144; 1 Sch. & Lef. 318, 319; 11 Ves. 662; 1 Roper, Leg. 3; 1 Ham. R. 189, 524; 15 Pick. 177; 5 G. & John. 58; 3 Hawks, 328; 5 J. J. Marsh. 643.
2. Bank notes are assignable by delivery. Rep. Temp. Hard. 53 9 East, R. 48; 4 East, R. 510 Dougl. 236. The holder of a bank note is prima facie entitled to prompt payment of it, and cannot be affected by the fraud of any former holder in obtaining it, unless evidence be given to bring it home to his privity. 1 Burr. 452; 4 Rawle, 185 13 East, R. 135 Dane's Ab. Index, h. t.; Pow. on Mortg. lndex, h. t. U. S. Dig. h. t. Vide Bouv. Inst. Index, h. t. Note; Promissory note; @Reissuable note.
3. They cannot be taken in execution. Cunning. on Bills, 537; Hardw. Cases, 53; 1 Arch. Pr. 268 1 Wils. Rep. 9 Cro. Eliz. 746, pl. 25 bank note
Bank noteA 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 NoteA 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.See BN
See BNbank note
Related to bank note: Loan noteSynonyms for bank notenoun a piece of paper money (especially one issued by a central bank)Synonyms- bank bill
- banker's bill
- banknote
- Federal Reserve note
- government note
- greenback
- bill
- note
Related Words- folding money
- paper currency
- paper money
- silver certificate
- c-note
- hundred dollar bill
- fifty dollar bill
- fifty
- twenty dollar bill
- twenty
- ten dollar bill
- tenner
- five dollar bill
- fiver
- five-spot
- two dollar bill
- dollar bill
- one dollar bill
- buck
- clam
- dollar
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