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
1Words Nearby legal tender
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use legal tender in a sentence
Businesses are free to refuse commercial payment systems—but because digital RMB is legal tender, they are legally obliged to accept it.
How China’s Digital Currency Could Challenge the Almighty Dollar | Charlie Campbell | August 11, 2021 | TimeThe International Monetary Fund has also cautioned nations against accepting Bitcoin as legal tender.
No country has ever used bitcoin or any other cryptocurrency as legal tender, and challenges abound.
World Bank slams bitcoin, declines to help El Salvador’s cryptocurrency plan | Tim De Chant | June 17, 2021 | Ars TechnicaThe World Bank has rejected the government of El Salvador's request to help the country implement Bitcoin as legal tender, Reuters first reported late Wednesday.
World Bank rejects El Salvador's request to help implement bitcoin | Rebecca Falconer | June 17, 2021 | AxiosOn June 8, El Salvador became the first country in the world to adopt bitcoin as legal tender.
El Salvador is luring bitcoin fans while Salvadorans are seeking asylum | Nicolás Rivero | June 9, 2021 | Quartz
If so, why do the rest of us have to put up with legal-tender paper money?
‘A Ghastly Waste of Time?’ Considering the Constitution | Seth Lipsky | January 15, 2013 | THE DAILY BEASTIt was not practicable to deny a legal-tender value to so much Mexican, and Spanish-Philippine coin in circulation.
The Philippine Islands | John ForemanI don't suppose our greenbacks would be a legal tender with them.
Left on Labrador | Charles Asbury StephensThis would involve, of course, the possible inflation of legal tender currency to the amount of outstanding bonds.
A History of Trade Unionism in the United States | Selig PerlmanThis quality of being a legal tender was the only respect in which these notes differ from those signed by an individual.
The Works of Robert G. Ingersoll, Vol. 9 (of 12) | Robert G. IngersollClothed with sovereignty, it had, or at least exercised, the power to make its notes a legal tender.
The Works of Robert G. Ingersoll, Vol. 9 (of 12) | Robert G. Ingersoll
British Dictionary definitions for 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
Cultural definitions for legal tender
Any form of money that a government decrees must be accepted in payment of debts.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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