banknote

A note i ued by a bank legally empowered to send it forth. It promises to pay to the bearer a certain specific sum of money conspicuously printed upon its face. The Bank of England i ues notes of the value of £5 and upwards, which are legal tender throughout England. Certain Scotch banks send forth notes as low as £1, and Irish banks send forth notes for £1 and above. Banks of the United States i ue notes of the value of $1.00 and upwards, which notes are supplied by the National Government, and aro based on the Government credit. They largely take the place of gold and silver in circulation. that the parties present would engage to receise bank-notes in all payments to be made made to them." Prof. Leone Levi Brit. Comm. (1872), p. 76. bank-post, s. Stationery: The name for three kinds of paper used for foreign correspondence. Me dium Bank - post is 22 x 17 inches, and weighs 13 pounds per ream. Large Bank - post is 20 × 16 inches, and weighs 11 pounds per ream. Small Bank - post , a kind of paper now seldom used, is 18 × 154 inches, and weighs about 9 pounds per ream.