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The Private Bankers National Banking Association (PB NBA) highlights that promissory notes are categorized as legal tender. According to Black's Law Dictionary, banking involves issuing notes meant to circulate as money. A promissory note is a commercial instrument similar to a bank note but issued by a private banker or unincorporated banking institution. Defined as a financial agency under 31 USC Section 5 3-1, private bankers can issue these notes. Under UCC Section 2-304, payments can be made in various forms. Additionally, IRS Code Section 1.1001-146 states that Federal Reserve Note Dollars are valueless, asserting that the only lawful money in the U.S. consists of gold and silver coins.