Definition of banknote Banknote

/bæˈŋknowˌt/ - [bangknowt] -

We found 6 definitions of banknote from 5 different sources.

What does banknote mean?

WordNet

Noun
banknote - a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"
		bill, note, government note, bank bill, banker's bill, bank note, Federal Reserve note, greenback
		folding 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 specie
		silver certificate formerly a bank note issued by the United States Treasury and redeemable in silver
		c-note hundred dollar bill
		fifty dollar bill, fifty a United States bill worth 50 dollars
		twenty dollar bill, twenty a United States bill worth 20 dollars
		ten dollar bill, tenner a United States bill worth 10 dollars
		five dollar bill, fiver, five-spot a United States bill worth 5 dollars
		two dollar bill a United States bill worth 2 dollars

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Wiktionary

banknote (Noun)
A piece of paper currency.
banknote (Noun)
A demand note issued by private banks presumably backed up by gold or silver coin.

OmegaWiki DictionaryOmegaWiki Dictionary Ω

banknote
A piece of paper money.

Wikipedia

A banknote (more commonly known as a bill in the United States and Canada) is a paper by which a bank promises to pay to the bearer on demand. Along with coins, banknotes make up the cash forms of all modern money.

Coins are generally used for lower valued monetary units, and banknotes for higher values.

Originally, the value of money was determined by the value of the material the money was made of, such as silver or gold. However, carrying around a lot of precious metal was cumbersome and often dangerous. As an alternative, banknotes would be issued. In financial terms, a note is a promise to pay someone money. Banknotes were originally a promise to pay the bearer an amount of precious metal stored in a vault somewhere. In this way the stored value (usually in gold or silver coins) backing the banknote could transfer ownership in exchange for goods or services.

Banknotes in Europe.

In Europe the first paper money consisted of paper 'coins' issued in Protestant Leyden (today, Leiden) in the Netherlands during the Spanish siege of 1574. Over 5000 of the estimated 14,000 residents of Leyden died, mostly due to starvation. Even leather (often used to create emergency currency) was boiled and used to feed the people. So to create currency, the residents took covers and paper from hymnals and church missives and created paper planchets, which were struck using the same dies that were previously used to mint coins.

The first proper European banknotes were issued by Stockholms Banc