legal tender






noun

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

noun

  1. currency in specified denominations that a creditor must by law accept in redemption of a debt

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

Leave a Reply

Your email address will not be published. Required fields are marked *

50 queries 1.185