Banknote

A banknote, also known as a bill, paper money, or a note, is a type of negotiable instrument, essentially a promissory note made by a bank or other authorized institution, payable to the bearer on demand. It represents a specific value and is used as a medium of exchange for goods and services within a country or region. Banknotes are typically made of paper or polymer and feature security measures to prevent counterfeiting. Their design often incorporates national symbols, portraits of significant figures, and information about the issuing authority.

Banknote meaning with examples

• The cashier carefully counted the stack of banknotes before handing them to the customer as change. He then looked over the notes to check for counterfeit bills, ensuring their legitimacy before accepting them. The recent changes to the country's banknote design increased security and discouraged forgery. It's important to recognize that a faded banknote is still valid and exchangeable for goods or services.
• During his travels, he exchanged local currency for US banknotes at a reputable exchange booth. His travel budget included several banknotes of varying denominations. To ensure his safety, he tucked the bulk of his banknotes into a money belt. Before buying the expensive item, he removed a wad of banknotes to complete the purchase.
• The central bank announced a new series of banknotes with updated security features. The government has implemented stricter measures to detect counterfeit banknotes in circulation. Each nation has its own distinct style and series of banknotes. The collector spent years accumulating a rare collection of historical banknotes, carefully cataloging their origins and value.
• The shop assistant noticed the customer was attempting to pay with a counterfeit banknote. It is a criminal offense to create or circulate fake banknotes. He carefully checked the texture and watermark on the banknote to determine its validity. The old, worn banknotes in his grandfather's collection held significant sentimental value.