A piece of paper money, constituting a central bank’s promissory note to pay a stated sum to the bearer on demand: a £100 banknote
More example sentences
- Those means cannot be provided by printing banknotes and by credit on the bank books.
- Its foremost vehicle in continental Europe is the issue of non-redeemable legal tender banknotes.
- It is, therefore, something of a misnomer to speak of the transfer of funds as there is no actual transfer of coins and banknotes from the payer to the payee.