legal tender

American

noun

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

legal tender British

noun

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

legal tender Cultural

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

Etymology

Origin of legal tender

First recorded in 1730–40

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023