legal tender

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legal tender

n.
Currency, such as coin and paper money, declared by law to be valid and sufficient for the payment of debts.

legal tender

n
(Currencies) currency in specified denominations that a creditor must by law accept in redemption of a debt

le′gal ten′der


n.
currency that may be lawfully tendered in payment of a debt, such as paper money or coins.
[1730–40]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.legal tender - something that can be used as an official medium of paymentlegal tender - something that can be used as an official medium of payment
medium of exchange, monetary system - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
food stamp - a government-issued stamp that can be used in exchange for food

legal tender

noun currency, money, medium, payment, specie When did the note cease to be legal tender?
References in classic literature ?
You're a responsible party, and in such a case lawful money and lawful notice are pretty much the same.'
the applicable aggregate exercise price payable to the Company by way of certified cheque, money order, bank draft, or wire transfer in lawful money of Canada.
He also said that he told Israel that it either gives the Palestinians all their lawful money collected from tax revenues or none at all, but that it cannot deduct the amount it sees at its own whim.
In addition, since banks were required to "Pay the Bearer on Demand", they were required to maintain a redemption fund amounting to 5 percent of any outstanding note balance, in gold or "lawful money." The bank notes became known as national currency.
He also attempted to reassure people that those who had lawful money would have nothing to fear.
1 believe that he and I agree that nothing except political blowback from the Established Orders prevents the States from making gold and silver coins at least lawful money and even a legal tender within their boundaries.