Definition, Meaning & Synonyms
banknote
noun
/ˈbæŋkˌnoʊt/
Definition
A banknote is a piece of paper money that is issued by a bank and is typically used as a medium of exchange.
Examples
- He pulled out a banknote to pay for his coffee.
- Many countries have colorful banknotes with various security features.
- The banknote was accepted at stores across the country.
Meaning
Banknotes serve as a legal tender, representing a promise by the issuing bank to pay the bearer a specific amount of money.
Synonyms
- bill
- currency
- note
