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What is a banknote?

What is a banknote? Here are some definitions.

Noun
  1. A piece of paper currency.
  2. (historical) A demand note issued by private banks presumably backed up by gold or silver coin.
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Currently, the preparations for a new banknote series for Switzerland are running in high gear.
Watermarks can be easily seen as ghostlike images inside the paper when a banknote is held against the light.
The chancellor appears before the court, reading aloud the words printed on a banknote.
A shimmering iridescent image showing bauhinia flowers appears when the banknote is tilted under a bright light.
The bank engraves banknote images into metal plates by hand and uses special inks and watermarks to prevent forgery.
Thus do not drop a banknote into the collection plate, but a silk handkerchief or small silver snuffbox.

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