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legal tender

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legal tender

–noun
currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins.

Origin:
1730–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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legal tender  
n.  Legally valid currency that may be offered in payment of a debt and that a creditor must accept.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

legal tender

Any form of money that a government decrees must be accepted in payment of debts.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: legal tender
Function: noun
: 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, © 1996 Merriam-Webster, Inc.
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