legal tender

Any form of currency that by law cannot be refused as payment for an amount equal to that denoted on the face of the currency.

Wikipedia foundation.

Look at other dictionaries:

  • legal tender — n: money that is legally valid for the payment of debts and that must be accepted for that purpose when offered Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. legal tender …   Law dictionary

  • Legal tender — Tender Ten der, n. 1. (Law) An offer, either of money to pay a debt, or of service to be performed, in order to save a penalty or forfeiture, which would be incurred by nonpayment or nonperformance; as, the tender of rent due, or of the amount of …   The Collaborative International Dictionary of English

  • legal tender — ˌlegal ˈtender noun [uncountable] FINANCE coins and bank notes that are officially allowed to be used as money in a particular place: • These notes are no longer legal tender. * * * legal tender UK US noun [U] MONEY ► coins or bank notes that are …   Financial and business terms

  • Legal tender — Legal Le gal (l[=e] gal), a. [L. legalis, fr. lex, legis, law; prob. orig., that which lies or is fixed (cf. L. lectus bed), and if so akin to E. lie, law: cf. F. l[ e]gal. Cf. {Lie} to be prostrate, {Loyal}, {Leal}.] 1. Created by, permitted by …   The Collaborative International Dictionary of English

  • Legal tender — (engl., spr. līgäl, »gesetzliche Achtung«), die Banknoten beigelegte Eigenschaft, als gesetzliches Zahlungsmittel zu dienen. Vgl. Papiergeld und Banken, S. 346 …   Meyers Großes Konversations-Lexikon

  • legal tender — n [U] coins or bank notes that people can officially use as money in a particular country …   Dictionary of contemporary English

  • legal tender — noun uncount the money that is officially used in a country …   Usage of the words and phrases in modern English

  • legal tender — *money, cash, currency, specie, coin, coinage …   New Dictionary of Synonyms

  • legal tender — ► NOUN ▪ coins or banknotes that must be accepted if offered in payment of a debt …   English terms dictionary

  • legal tender — n. money that may be legally offered in payment of an obligation and that a creditor must accept …   English World dictionary

  • Legal tender — This article is about the payment medium. For the song, see Legal Tender (song). Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency is a common form …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.