banknote

banknote. A bank-issued promissory note that is payable to bearer on demand and that may circulate as money. — Also written bank note.

— Also termed bank bill. [Cases: Banks and Banking 196–212. C.J.S. Banks and Banking § 250.]

spurious banknote.

1. A banknote that is legitimately made from a genuine plate but that has forged signatures of the issuing officers, or the names of fictitious officers.

2. A banknote that is not a legitimate impression from a genuine plate, or is made from a counterfeit plate, but that is signed by the persons shown on it as the issuing officers.

— Also termed spurious bank bill.


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