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Definitions from WordNet

Definitions from the Web

Legal Tender

Legal tender refers to the officially recognized form of payment that must be accepted by law to settle a debt or obligation.

Sample Sentences:

Noun - General Sense:

1. Using cash as legal tender, he paid for his purchase.
2. In many countries, the national currency is the only legal tender accepted for transactions.

Noun - Specific Sense:

1. The government issued a new set of legal tender banknotes to combat counterfeiting.
2. In the past, gold and silver coins were commonly used as legal tender.

Adjective:

1. Merchants are obligated to accept legal tender currency for the payment of goods or services.
2. The court ruled that the counterfeit bills were not legal tender.

Related Products:

• Currency Security Features
• Counterfeit Detection Pen
• Financial Law Books