Simple English definitions for legal terms
Read a random definition: bank-statement rule
A spurious banknote is a fake or counterfeit banknote that is not genuine and cannot be used as legal tender. It may be made from a counterfeit plate or have forged signatures of the issuing officers. A banknote is a promissory note issued by a bank that is payable to the bearer on demand and can be used as money. A spurious banknote is not a legitimate impression from a genuine plate and is not accepted as legal currency.
A spurious banknote is a type of banknote that is not genuine or legitimate. It may be created with forged signatures or made from a counterfeit plate. Banknotes are promissory notes issued by banks that are payable to the bearer on demand and can be used as money.
These examples illustrate how a spurious banknote can be created through forgery or counterfeiting. Such banknotes can be used to deceive people into accepting them as genuine currency, causing financial loss to individuals and businesses.