Yes, denote is a Scrabble word!
...and is worth 7 points in Scrabble, and 8 points in Words with Friends
denote
Verb
1. Be a sign or indication of
2. Have as a meaning
3. Make known; make an announcement
What Scrabble words can I make with the letters in denote?
5 Letter Words
4 Letter Words
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3 Letter Words
2 Letter Words