Definition, Meaning & Synonyms

gold-note

Noun

/ɡoʊld noʊt/

Definition

A gold-note refers to a type of monetary instrument or financial instrument that is issued in gold, representing a promise to deliver a certain amount of gold to the holder.

Examples

The bank issued a gold-note that could be exchanged for an ounce of gold.
In times of economic uncertainty, some investors prefer to hold gold-notes for their stability.

Meaning

Gold-notes are often used in discussions of currency standards that are backed by gold, indicating the value held or promised by the note based on the gold equivalent.