bank note

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bank note

He carefully examined the crisp new bank note under the light.

Definition

Noun: A bank note is a piece of paper currency, a promissory note issued by a bank, especially a central bank, that is payable to the bearer on demand and serves as legal tender.

Usage

A bank note is used as a physical medium of exchange for goods and services. It represents a specific monetary value guaranteed by the issuing authority. * The cashier handed me a crisp new bank note. * The design on the bank note features a famous historical figure. * He paid for the antique map with an old bank note.

Examples
Advanced Usage
  • "To issue a bank note": Refers to the action of a central bank putting new currency into circulation.
    • The central bank will issue a new series of bank notes with enhanced security features next year.
  • In financial contexts, the term can be used more formally to distinguish paper currency from coins or digital money.
    • The transaction was settled in bank notes, not electronic transfer.
Variants and Related Words
  • Note (noun): A common short form for "bank note."
    • He paid with a twenty-pound note.
  • Bill (noun, primarily North American English): A synonym for "bank note."
    • She gave me a five-dollar bill.
  • Banknote (noun): A common single-word variant with the same meaning.
    • The new polymer banknote is more durable.
Synonyms
  • Bill (US)
  • Note
  • Paper money
  • Currency note
Related Phrases
  • Legal tender: The official status of a bank note as an accepted medium for payment.
    • These bank notes are legal tender for all debts, public and private.
  • Counterfeit note: A fake or illegally produced bank note.
    • The store clerk was trained to spot a counterfeit note.
bank note

He carefully examined the crisp new bank note under the light.

Noun
  1. a piece of paper money (especially one issued by a central bank)
    • he peeled off five one-thousand-zloty notes

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