A term used synonymously with paper money or currency issued by a bank Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note Today, only the Federal Reserve Banks are authorized to issue bank notes, i e Federal Reserve notes, in the United States
A promissory note intended to circulate as money, usually printed on paper or plastic, issued by a bank with a specific denomination, payable to the bearer of the note
Paper money issued by central banks and, in Germany, by the Deutsche Bundesbank They are the only unrestricted form of legal tender Following entry into the European Monetary Union, the right to issue Euro-banknotes will be transferred to the European Central Bank In addition to banknotes, Coins are also in circulation