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Banknote vs. Money — What's the Difference?

Banknote vs. Money — What's the Difference?

Difference Between Banknote and Money

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Banknote

A banknote (often known as a bill (in the US and Canada), paper money, or simply a note) is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank.
Aug 30, 2021

Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Aug 30, 2021

Banknote

A piece of paper currency.
Aug 30, 2021

Money

A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.
Aug 30, 2021

Banknote

A promissory note issued by a central bank.
Aug 30, 2021
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Money

The official currency, coins, and negotiable paper notes issued by a government.
Aug 30, 2021

Banknote

A piece of currency made of paper or polymer.
Aug 30, 2021

Money

Assets and property considered in terms of monetary value; wealth.
Aug 30, 2021

Banknote

A promissory note issued by a bank, payable at a given time to a specific beneficiary.
Aug 30, 2021

Money

Pecuniary profit or loss
He made money on the sale of his properties.
Aug 30, 2021

Banknote

A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4.
Aug 30, 2021

Money

One's salary; pay
It was a terrible job, but the money was good.
Aug 30, 2021

Banknote

Formerly, a promissory note made by a banker, or banking company, payable to a specified person at a fixed date; a bank bill. See Bank bill, 2.
Aug 30, 2021

Money

An amount of cash or credit
Raised the money for the new playground.
Aug 30, 2021

Banknote

A promissory note payable at a bank.
Aug 30, 2021

Money

Often moneys, monies Sums of money, especially of a specified nature
State tax moneys.
Monies set aside for research and development.
Aug 30, 2021

Banknote

A promissory note issued by an authorized bank, payable to the bearer on demand and intended to circulate as government-authorized money; in the United States such notes may only be issued by a Federal Reserve Bank; as, he peeled off five one-thousand-zloty banknotes.
Aug 30, 2021

Money

A wealthy person, family, or group
To come from old money.
To marry into money.
Aug 30, 2021

Banknote

A piece of paper money (especially one issued by a central bank);
He peeled off five one-thousand-zloty notes
Aug 30, 2021

Money

A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.
Aug 30, 2021

Money

A generally accepted means of exchange and measure of value.
I cannot take money, that I did not work for.
Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.
Aug 30, 2021

Money

A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
Money supply;
Money market
Aug 30, 2021

Money

Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.
Aug 30, 2021

Money

The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.
Aug 30, 2021

Money

Wealth; a person, family or class that possesses wealth
Aug 30, 2021

Money

An item of value between two or more parties used for the exchange of goods or services.
Aug 30, 2021

Money

A person who funds an operation.
Aug 30, 2021

Money

A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
To prevent such abuses, . . . it has been found necessary . . . to affix a public stamp upon certain quantities of such particular metals, as were in those countries commonly made use of to purchase goods. Hence the origin of coined money, and of those public offices called mints.
Aug 30, 2021

Money

Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
Aug 30, 2021

Money

Any article used as a medium of payment in financial transactions, such as checks drawn on checking accounts.
Aug 30, 2021

Money

Any form of wealth which affects a person's propensity to spend, such as checking accounts or time deposits in banks, credit accounts, letters of credit, etc. Various aggregates of money in different forms are given different names, such as M-1, the total sum of all currency in circulation plus all money in demand deposit accounts (checking accounts).
Aug 30, 2021

Money

In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
The love of money is a root of all kinds of evil.
Aug 30, 2021

Money

To supply with money.
Aug 30, 2021

Money

The most common medium of exchange; functions as legal tender;
We tried to collect the money he owed us
Aug 30, 2021

Money

Wealth reckoned in terms of money;
All his money is in real estate
Aug 30, 2021

Money

The official currency issued by a government or national bank;
He changed his money into francs
Aug 30, 2021

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