Warning
Info
Warning
Info
Simple English definitions for legal terms
spurious bank bill
Read a random definition: standby underwriting agreement
A quick definition of spurious bank bill:
A spurious bank bill is a fake piece of paper that looks like real money. It is made to trick people into thinking it is worth something, but it is not. Sometimes, spurious bank bills are made using real printing plates, but with fake signatures or names of people who did not actually issue the bill. Other times, they are made using fake printing plates and fake signatures. Either way, they are not real money and should not be accepted as payment.
A more thorough explanation:
A spurious bank bill is a type of banknote that is not genuine and may circulate as money. It can be defined as:
- A banknote that is legitimately made from a genuine plate but has forged signatures of the issuing officers or the names of fictitious officers.
- A banknote 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.
For example, if a banknote is made from a genuine plate but has forged signatures of the issuing officers, it is considered a spurious bank bill. Similarly, if a banknote is not a legitimate impression from a genuine plate but is signed by the persons shown on it as the issuing officers, it is also considered a spurious bank bill.
These types of banknotes are illegal and can cause financial harm to individuals and businesses. It is important to be aware of the signs of a spurious bank bill and to report any suspicious banknotes to the authorities.