What is BANKNOTE?

A promissory note issued by a bank or authorized banker, payable to bearer on demand, and intended to circulate as money. Same as BANK-BILL, supra.

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Related Legal Terms
BANK-BILL, BILL OF CREDIT, ON DEMAND, PAYABLE TO CASH, BILLET, BANK OF ISSUE, CROSSED CHECK, TEEP, CHECK, N, PAYEE


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