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All Forums Category: World Coins and Currency Forums Forum: World Paper Money and Banknotes

What Does "Note" Mean?

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Author Previous TopicReplies: 6 / Views: 1,876Next Topic  
julie999
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United States
8 Posts
 Posted 01/23/2008  6:08 pm Show Profile   Bookmark this topic Add julie999 to your friends list Get a Link to this Message Number of Subscribers
is it the same as saying cash, or is it not money at all?
Lucky_13
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 Posted 01/23/2008  6:15 pm  Show Profile   Bookmark this reply Add Lucky_13 to your friends list Get a Link to this Reply
A note is paper currency
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julie999
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United States
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 Posted 01/23/2008  6:26 pm  Show Profile   Bookmark this reply Add julie999 to your friends list Get a Link to this Reply
ohh..ok..thanks
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Lucky_13
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 Posted 01/23/2008  6:31 pm  Show Profile   Bookmark this reply Add Lucky_13 to your friends list Get a Link to this Reply
Your welcome..Im new to collecting as well
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WpgLwr
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 Posted 01/25/2008  02:44 am  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Technically speaking, a "note" is a promise to pay -- an IOU if you will. Private IOU's do not circulate, however, among the general public. A government banknote is a promise that the paper concerned is worth the value stated, and it can circulate among the public at that value, because everyone in commerceland believes that the government can back the promise made.
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Angielczyk
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 Posted 01/25/2008  04:35 am  Show Profile   Bookmark this reply Add Angielczyk to your friends list Get a Link to this Reply
Just a "note" to say that on British banknotes there are the words

I promise to pay the bearer on demand.....
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NumisMattyUk
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 Posted 01/27/2008  12:02 pm  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Same as writing a note about something..weird as I thought Americans all used that word too - "banknote" ...
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All Forums Category: World Coins and Currency Forums Forum: World Paper Money and Banknotes



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