Definition of Bank note:
Unsecured, interest bearing, payable on demand promissory note issued by a bank in large denominations ($100,000 and above). Bank notes are similar to bonds and, like a certificate of deposit (CD), may be used as a cash equivalent. They, however, are not protected under deposit insurance.
Paper currency of a country issued by its central bank. Also called currency note.
How to use Bank note in a sentence?
- Historically, banks used to issue a bank note as a promise to pay gold or silver coins to a customer who presents the note to the bank.
- I still had my bank note and it told me a few things that I needed to know about the current state of my account.
- We try as much as possible to not use any more bank note s and instead use free cash flow from the company to fund expenses.
Meaning of Bank note & Bank note Definition