Legal Definitions - spurious banknote

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.

• A banknote that is made from a genuine plate but has forged signatures of the issuing officers is considered a spurious banknote.
• Another example of a spurious banknote is one that is not a legitimate impression from a genuine plate or is made from a counterfeit plate but is signed by the persons shown on it as the issuing officers.

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.