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C-Note

What is 'C-Note'

C-note is a slang term for a $100 banknote in American currency. The "C" in C-note refers to the Roman numeral for 100, which was printed on $100 bills, and it can also refer to century. The term came to prominence in the 1920s and 1930s, and it was popularized in a number of gangster films.

Explaining 'C-Note'

C-note is used less frequently in contemporary slang, and it has been replaced by "Benjamin." This term comes from Benjamin Franklin, one of the founding fathers of the United States, whose portrait is on the front of the $100 banknote.

Evolution of C-Notes

The $100 bill had a capital "C" in its upper-left corner from 1869 to 1914. It was in 1914 the U.S. government introduced Federal Reserve notes to replace older Treasury notes. The 1878 and 1880 editions featured a portrait of Abraham Lincoln on the left. The 1890 version of the C-note featured Adm. David Farragut to the right side. On the backs of the Farragut banknotes were two zeros that looked like watermelons, hence the nickname "watermelon notes."

Contemporary $100 Bills

Contemporary $100 bills show an enlarged portrait of Franklin on the front and a "100" in each corner. The "100" in the bottom right corner changes color depending on what angle the light hits it. A blue 3-D motion strip runs down the middle to try to prevent counterfeiting, and a watermarked portrait of Franklin appears on the right side when you hold the banknote up to the light.

Fun Facts

The estimated lifespan of a $100 bill is around 15 years if it stays in circulation for that long. The average lifespan of a $1 banknote is 5.8 years. Somewhere between one-half to two-thirds of the $100 bills in circulation stay overseas. At the end of 2015, there were approximately 10.8 billion $100 bills in circulation, worth a total of $1.08 trillion. Around 11.4 billion $1 bills were in circulation at that time, the only bill with higher circulation numbers. The number of C-notes in circulation has quintupled since 1995.


Further Reading


Financial intermediary-coalitions
www.sciencedirect.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

A model to analyse financial fragilityA model to analyse financial fragility
link.springer.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

Financial literacy and high-cost borrowing in the United StatesFinancial literacy and high-cost borrowing in the United States
www.nber.org [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

The economics of currency crises and contagion: an introductionThe economics of currency crises and contagion: an introduction
papers.ssrn.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

Managerial discretion in the choice among financial reporting alternativesManagerial discretion in the choice among financial reporting alternatives
www.sciencedirect.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

The influence of polyampholytes on the phase behavior of microemulsion used as template for the nanoparticle formationThe influence of polyampholytes on the phase behavior of microemulsion used as template for the nanoparticle formation
www.tandfonline.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

Coordination contracts in the presence of positive inventory financing costsCoordination contracts in the presence of positive inventory financing costs
www.sciencedirect.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …

Optimal clearing arrangements for financial tradesOptimal clearing arrangements for financial trades
www.sciencedirect.com [PDF]
Contemporary Engineering Economics, 4th edition Chan S. Park Typo Errors Found in the First Printing … Com|_:|ute the various financial ratios and interpret the firm's financial health dur … N0te: A missing figure title 102 CHAPTER 3 Interest llatio and Economic Equivalence Equal …


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