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. 2013.
Cite This Source Link To legal tender
Collins
World English Dictionary
legal tender
 
—n
currency in specified denominations that a creditor must by law accept in redemption of a debt

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Legal tender is always a great word to know.
So is doohickey. Does it mean:
a gadget; dingus; thingumbob.
a fool or simpleton; ninny.
LEARN MORE UNUSUAL WORDS WITH WORD DYNAMO...
American Heritage
Cultural Dictionary

legal tender definition


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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Example sentences
For starters, abolish legal tender laws and permit some combination of
  commodities to serve as money.
But a breakup of the euro means that the euro will no longer be honored as
  legal tender.
All currency with a serial number ending in that digit would no longer be legal
  tender.
More than half of a dollar bill is considered legal tender.
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