banknote Syllabification: (bank·note)Pronunciation: /ˈbaNGkˌnōt/ (also bank note)Translate banknote | into French | into German | into Italian Definition of banknote noun a piece of paper money, constituting a central bank’s promissory note to pay a stated sum to the bearer on demand:is the $1 bill the only banknote with George Washington’s picture on it?banknote in other Oxford dictionaries Definition of banknote in the British & World English dictionary