Webster's Revised Unabridged Dictionary · 1913

banknote

banknote (bank"nōt`)

1.
A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4.

In the United States popularly called a bank bill.

2.
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. [Obsolete]
3.
A promissory note payable at a bank.
4.
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.

Also: bank note