Banknote

A banknote (often known as a bill or simply a note) is a type of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes build up the cash or bearer forms of all modern money. With the exception of non-circulating high-value or precious metal commemorative issues, coins are commonly used for lower valued monetary units, while banknotes are used for higher values.