banknote


banknote
An item of paper currency issued by a central bank. Banknotes developed in England from the receipts issued by London goldsmiths in the 17th century for gold deposited with them for safe-keeping. These receipts came to be used as money and their popularity as a medium of exchange encouraged the goldsmiths to issue their own banknotes, largely to increase their involvement in banking and, particularly, moneylending. Now only the Bank of England and the Scottish and Irish banks in the UK have the right to issue notes. Originally all banknotes were fully backed by gold and could be exchanged on demand for gold; however, since 1931 the promise on a note to «pay the bearer on demand» simply indicates that the note is legal tender. See also promissory note

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • banknote — bank‧note [ˈbæŋknəʊt ǁ noʊt] also bank note noun [countable] BANKING a piece of printed paper money made available by a bank, usually a country s main bank; = bank bill AmE: • Only the country s central bank h …   Financial and business terms

  • banknote — ank note , bank note ank note (b[a^][ng]k n[=o]t ). 1. A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4. [1913 Webster] Note: In the United States popularly called a {bank bill}. [1913… …   The Collaborative International Dictionary of English

  • banknote — index check (instrument) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Banknote — 2↑ Bank …   Das Herkunftswörterbuch

  • Banknote — [Network (Rating 5600 9600)] Auch: • Geldschein Bsp.: • Hast du einen 5£ Schein für mich? …   Deutsch Wörterbuch

  • banknote — ► NOUN ▪ a piece of paper money issued by a central bank …   English terms dictionary

  • Banknote — Banknotes with a face value of 5000 of different currencies. two sides of 1 …   Wikipedia

  • Banknote — Euroscheine Eine Banknote ist ein meist rechteckiges, beidseitig bedrucktes Papier, das von der nach dem Währungsgesetz des jeweiligen Staates berechtigten Bank ausgegeben worden ist und auf einen runden Betrag von Währungseinheiten lautet. Die… …   Deutsch Wikipedia

  • Banknote — Lappen (derb); Schein (umgangssprachlich); Note; Geldschein; Papiergeld * * * Bank|no|te [ baŋkno:tə], die; , n: Geldschein: gefälschte Banknoten. Syn.: 2↑ Schein. * * * Bạnk|no|te …   Universal-Lexikon

  • banknote — UK [ˈbæŋkˌnəʊt] / US [ˈbæŋkˌnoʊt] noun [countable] Word forms banknote : singular banknote plural banknotes formal a piece of paper money. The usual word is note …   English dictionary

  • Banknote — die Banknote, n (Mittelstufe) Zahlungsmittel aus Papier Synonyme: Geldschein, Papiergeld, Schein, Note Beispiel: Die Banknoten sind falsch. Kollokation: eine Banknote in Kleingeld wechseln …   Extremes Deutsch