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legal tender

currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins.
Origin of legal tender
1730-40 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for legal tender
  • For starters, abolish legal tender laws and permit some combination of commodities to serve as money.
  • TV and computer screens were alight, airplanes were aloft and cash machines were dispensing legal tender.
  • Travelers checks can be used as legal tender at many businesses, and you will receive change in the local currency.
  • While it's all legal tender, it can be quite confusing.
  • To subtract part of the silver or gold by friction, but not to such an amount as to render the coin useless as a legal tender.
  • All currency with a serial number ending in that digit would no longer be legal tender.
  • The euro is legal tender at the island's main tourist resorts.
  • Defending cash as a legal tender is an incredibly important principle.
  • But a breakup of the euro means that the euro will no longer be honored as legal tender.
  • He wants to abolish laws on legal tender, so that investors can use whatever currency they want.
British Dictionary definitions for legal tender

legal tender

currency in specified denominations that a creditor must by law accept in redemption of a debt
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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legal tender in Culture

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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