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https://thelawdictionary.org/bank-note/
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Banknotes also have an acceptance cost, the costs of checking the banknote's security features and confirming acceptability of the issuing bank. The different advantages and disadvantages between coins and banknotes imply that there may be an ongoing role for both forms of bearer money, each being used where its advantages outweigh its disadvantages.
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What is BANK NOTE? 1. paper money issued by the central bank. AKA currency note. 2. interest on a note that is over $100,000. It can be used as cash but are not protected by deposit insurance.
https://thelawdictionary.org/bank-note/
Banknotes have a limited lifetime, after which they are collected for destruction, usually recycling or shredding. A banknote is removed from the money supply by banks or other financial institutions due to everyday wear and tear from its handling.
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central bank, capital note, european central bank (ecb), contingent surplus note (csn), floating rate note (frn), savings bank, bank insurance fund (bif), range floating rate note (frn), variable rate demand note, treasury note
https://thelawdictionary.org/bank-note/
BREAKING DOWN 'Banknote' Originally, people used objects, such as gold and silver, to pay for goods and services. Eventually, paper money and coins replaced these physical assets. Precious metals backed the new currencies. At present only the government backs banknotes.
https://www.investopedia.com/terms/b/banknote.asp
What is a 'Banknote' A banknote is a negotiable promissory note, which a bank can issue. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note. Banknotes are considered legal tender; along with coins, they make up the bearer forms of all modern money. A banknote is known as a bill or a note.
https://www.investopedia.com/terms/b/banknote.asp
A banknote (often known as a bill or simply a note) is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes make up the cash or bearer forms of all modern money.
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Definition of BANK NOTE: 1. paper money issued by the central bank. AKA currency note. 2. interest on a note that is over $100,000. It can be used as cash but are not protected by The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.
https://thelawdictionary.org/bank-note/
define banknote
A banknote is a negotiable promissory note, which a bank can issue.