legal tender definition

  • noun:
    • Legally valid money that may be offered in repayment of a debt which a creditor must take.
    • Any form of currency that legally can not be refused as payment to extinguish a debt equal to the amount supplied.
    • See under Legal.
    • a thing that can be used as the state method of repayment
  • adjective:
    • That money, or cash, that the law authorizes a debtor to tender and requires a creditor to get. It differs in numerous nations.
  • others:
    • That can be lawfully used in having to pay a debt: as, legal-tender money; legal-tender cash, See tender.

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