banknote
Definition
Noun: 1. A piece of paper money: A banknote is an official piece of paper issued by a government or central bank, used as a form of currency. It represents a specific monetary value and is a promise to pay the bearer that amount. 2. Legal tender: It is a type of legal tender, meaning it must be accepted as payment for debts within the country that issues it.
Usage
The word "banknote" is used to refer to physical paper currency. It is a formal term, often used in financial, economic, or official contexts. In everyday conversation, people more commonly use the words "bill" (American English) or "note" (British English).
Examples
- Noun:
- The new security features make the 20-dollar banknote very difficult to counterfeit.
- He paid for the antique with a crisp 100-euro banknote.
- The collector had banknotes from over fifty different countries.
Advanced Usage
- "To issue a banknote": This phrase is used by central banks or governments when they officially produce and release new currency into circulation.
- The central bank will issue a new series of banknotes next year to improve security.
Variants and Related Words
- Note (n): A common synonym, especially in British English (e.g., a five-pound note).
- Bill (n): The common American English equivalent (e.g., a ten-dollar bill).
- Currency (n): The system of money used in a particular country, which includes banknotes and coins.
- Legal tender (n): The official term for money that must be accepted if offered in payment of a debt.
Synonyms
- Bill (primarily US)
- Note (primarily UK)
- Paper money
- Federal Reserve Note (specific to the US)
Antonyms
- Coin: A piece of metal money.
- Digital currency: Money that exists only in electronic form, such as Bitcoin.
Related Phrases
- Counterfeit banknote: A fake or illegally produced banknote.
- The cashier was trained to spot a counterfeit banknote.
- Withdraw banknotes: To take paper money out of a bank account, typically from an ATM.
- I need to withdraw some banknotes for the market.
Noun
-
a piece of paper money (especially one issued by a central bank)
-
he peeled off five one-thousand-zloty notes
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