# Banking Act 2009, Section 208: “Banknote”


In this Part “banknote” means a promissory note, bill of exchange or other document which—
(a) records an engagement to pay money,
(b) is payable to the bearer on demand, and
(c) is designed to circulate as money.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/208 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-208
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.