DEFINITION of ‘C-Note’
C-note is a slang term for a $100 banknote in American currency. The “C” in C-note describes the Roman character for 100, which was printed on $100 expenses, and it can likewise describe century. The term came to prominence in the 1920s and 1930s, and it was promoted in a variety of gangster movies.
BREAKING DOWN ‘C-Note’
C-note is utilized less often in modern slang, and it has actually been changed by “Benjamin.” This term comes from Benjamin Franklin, among the starting daddies of the United States, whose picture is on the front of the $100 banknote.
Evolution of C-Notes
The $100 expense had a capital “C” in its upper-left corner from 1869 to 1914. It was in 1914 the U.S. government presented Federal Reserve keeps in mind to replace older Treasury notes. The 1878 and 1880 editions included a picture of Abraham Lincoln on the left. The 1890 variation of the C-note featured Adm. David Farragut to the ideal side. On the backs of the Farragut banknotes were two absolutely nos that looked like watermelons, for this reason the nickname “watermelon notes.”
Contemporary $100 Costs
Contemporary $100 expenses reveal an enlarged picture of Franklin on the front and a “100” in each corner. The “100” in the bottom right corner modifications color depending upon what angle the light hits it. A blue 3-D motion strip runs down the middle to try to prevent counterfeiting, and a watermarked picture of Franklin appears on the ideal side when you hold the banknote up to the light.
The approximated life expectancy of a $100 costs is around 15 years if it remains in circulation for that long. The typical life expectancy of a $1 banknote is 5.8 years. Someplace between one-half to two-thirds of the $100 costs in circulation stay overseas. At the end of 2015, there were around 10.8 billion $100 bills in circulation, worth a total of $1.08 trillion. Around 11.4 billion $1 bills remained in flow at that time, the only expense with greater circulation numbers. The variety of C-notes in blood circulation has actually quintupled considering that 1995.
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