bank note
- A form of money that a bank issues which promises to pay the amount stated on the note to whoever holds it, upon their request. Although it does not accrue interest, it circulates as legal tender
- The bank note was considered as legal money and was freely used for transactions.
- On conducting a business transaction, many people prefer handling bank notes over digital transfers.
- The perceived value of an obsolete bank note may rise among collectors, despite no longer being legal tender.
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