Word Study
banknote
CIDE DICTIONARY
banknote,
- A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4. [1913 Webster]" In the United States popularly called a
bank bill ." [1913 Webster] - Formerly, a promissory note made by a banker, or banking company, payable to a specified person at a fixed date; a bank bill. See Bank bill, 2. [1913 Webster]
- A promissory note payable at a bank. [1913 Webster]
- A promissory note issued by an authorized bank, payable to the bearer on demand and intended to circulate as government-authorized money; in the United States such notes may only be issued by a Federal Reserve Bank; as, he peeled off five one-thousand-zloty banknotes. [1913 Webster]
OXFORD DICTIONARY
banknote, n. a banker's promissory note, esp. from a central bank, payable to the bearer on demand, and serving as money.
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