Definition of Banknote

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Definitions of Debt Consolidation Loan and Personal Finance Terminology:


Related Consumer Finance Programs - The following lists of companies and financial service providers offer services to assist you with handling your debts. Combine debt with a consolidation loan or use a credit counseling or debt relief program for help with lowering your payments and getting your credit card bills and other obligations under control.

  • Debt Consolidation Services - Learn about the debt consolidation process and review detailed listings for lenders and services offering to help consolidate your debts.
  • Personal Loan - Need a smaller loan? Personal loan financing is most often unsecured. Meaning... your home or personal property is not used as collateral and the loan decision will typically be based upon your credit history and your ability to make the necessary payments. Also, this is often referred to as a signature loan.

Banknote Definition

Define Banknote: A banknote is a somewhat antiquated term referring to any promissory note issued by a bank and payable on demand. Generally, they do not accrue interest and they are often acceptable as, or in fact are, cash. In the most general sense, all forms of paper money (e.g., dollar bills) are banknotes. A bank check drawn on secured funds and other more exotic financial instruments are other forms of banknotes.


Debt Consolidation Glossary of Terms
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