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  1. Dictionary
    legal tender

    noun

    • 1. coins or banknotes that must be accepted if offered in payment of a debt.

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  2. www.investopedia.com › terms › lLegal Tender: Definition, Economic Functions, Examples -...

    Jun 13, 2021 · Legal tender is the officially recognized money within a given political jurisdiction. Learn how legal tender serves the functions of money, how it is established by law, and how it differs from cryptocurrencies and other forms of money.

  3. dictionary.cambridge.org › dictionary › englishLEGAL TENDER | English meaning - Cambridge Dictionary

    Legal tender is the official money used in a country that can be accepted for payment of debts. Learn more about the meaning, usage and history of legal tender with Cambridge Dictionary.

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  5. www.merriam-webster.com › dictionary › legal tenderLegal tender Definition & Meaning - Merriam-Webster

    Legal tender is money that is legally valid for the payment of debts and that must be accepted for that purpose when offered. Learn the synonyms, history, and usage of this term with examples from various sources.

  6. www.bankofengland.co.uk › explainers › what-is-legal-tenderWhat is legal tender? - Bank of England

    Legal tender means you can't be sued for failing to repay a debt in that form. In the UK, coins and Bank of England notes are legal tender in England and Wales, but not in Scotland or Northern Ireland.

  7. en.wikipedia.org › wiki › Legal_tenderLegal tender - Wikipedia

    Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Learn about the etymology, withdrawal and replacement, and demonetization of legal tender in different jurisdictions and currencies.

  8. dictionary.cambridge.org › us › dictionaryLEGAL TENDER definition | Cambridge English Dictionary

    Learn the meaning of legal tender, the official money used in a country, with examples from different sources. Find out how to pronounce legal tender and see translations in other languages.

  9. www.supermoney.com › encyclopedia › legal-tenderLegal Tender: Definition, Functions, and Real-World Examples

    Apr 30, 2024 · Legal tender is essentially the official currency of a specific political jurisdiction, recognized and accepted by both individuals and institutions within that jurisdiction. This currency is used to facilitate transactions, pay off debts, and conduct various financial activities.