Legal Definition and Related Resources of Bank note
Meaning of Bank note
A promissory note, payable on demand to the bearer, and intended to circulate as money, made and issued by a person or persons acting as bankers, and authorized by law to issue such notes.
What does Bank Note mean in American Law?
The definition of Bank Note in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A promissory note issued to bearer, and meant to pass freely as currency. Once many banks, state and federal, were authorized to issue such bank notes; they were called “banks of circulation” or “banks of issue.” At the present time, the only banks authorized to issue bank notes as currency are the federal reserve banks, i.e., instrumentalities of the federal government.
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You might be interested in these references tools:
| Resource | Description |
|---|---|
| Bank Note in the Dictionary | Bank Note in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Bank Note |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Bank Note in the World Encyclopedia of Law |
Notice
This definition of Bank Note Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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| https://legaldictionary.lawin.org/bank-note/ | The URI of Bank Note (more about URIs) |
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