- currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins.
Origin of legal tender
First recorded in 1730–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for legal tender
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
January 15, 2013
Our rule is that legal-tender money must be paid down at the time of purchase.Strictly Business</p>
The first "legal-tender" Act was approved February 25, 1862.
It was simply put into circulation with the legal-tender quality.The Principles of Economics
Frank A. Fetter
(d) Legal-tender cases, Wilson, Division and Reunion, 280-281.
Their opinions in regard to the constitutionality of the Legal-Tender Acts had been clearly and publicly expressed.Principles of Political Economy</p>
Arthur Latham Perry
- 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
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.