United States dollar or ""bill"" (e.g. ""two bills"" being $200). The $50 note is occasionally called a ""yardstick"" or a ""grant"" (after President Ulysses S. Grant, pictured on the obverse). The $20 note is referred to as a ""double sawbuck"", ""Jackson"" (after Andrew Jackson), or "double eagle". The $10 note is referred to as a ""sawbuck"", ""ten-spot"" or ""Hamilton"" (after Alexander Hamilton). The $5 note as ""Lincoln"", ""fin"", ""fiver"" or ""five-spot"". The infrequently-used $2 note is sometimes called ""deuce"", ""Tom"", or ""Jefferson"" (after Thomas Jefferson). The $1 note as a ""single"" or ""buck"". The dollar has also been referred to as a ""bone""
Banknote Banknote A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks. National banknotes are generally legal tender, meaning