bank note

Definitions (2)
Popular Terms
1. Paper currency of a country issued by its central bank. Also called currency note.
2. 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.

Use 'bank note' in a Sentence

We try as much as possible to not use any more bank notes and instead use free cash flow from the company to fund expenses.
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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.
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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.
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