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1. Dictionary

   Le·gal ten·der

   /ˈlēɡəl ˈtendər/

   

   noun

   • 1. coins or banknotes that must be accepted if offered in payment of a debt.

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2. en.wikipedia.org › wiki › Legal_tenderLegal tender - Wikipedia

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   Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. [ 1] . Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt.

3. www.merriam-webster.com › dictionary › legal tenderLegal tender Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › legal tender

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   The meaning of LEGAL TENDER is money that is legally valid for the payment of debts and that must be accepted for that purpose when offered. How to use legal tender in a sentence.

4. www.investopedia.com › terms › lLegal Tender: Definition, Economic Functions, Examples - ...

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   Jun 13, 2021 · Legal tender is anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal fines or damages.

5. www.law.cornell.edu › wex › legal_tenderlegal tender | Wex | US Law | LII / Legal Information Institute

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   The purpose and function of legal tender is for courts to determine whether it is a satisfactory payment for monetary debt. Each jurisdiction can define its specific limits of what is legal tender but generally it is anything when offered (tendered) and accepted in order to pay off the debt.

6. dictionary.cambridge.org › dictionary › englishLEGAL TENDER | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   LEGAL TENDER definition: 1. the money that can be officially used in a country 2. the money that can be officially used in a…. Learn more.

7. www.thebalancemoney.com › what-is-legal-tender-5198874What Is Legal Tender? - The Balance

   www.thebalancemoney.com › what-is-legal-tender-5198874

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   Aug 26, 2021 · Definition. Legal tender laws dictate what currency must be accepted by creditors. Read on to learn how it works and what it means for investors and business owners.

8. www.supermoney.com › encyclopedia › legal-tenderLegal Tender: Definition, Functions, and Real-World Examples

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   Apr 30, 2024 · Legal tender is essentially the official currency of a specific political jurisdiction, recognized and accepted by both individuals and institutions within that jurisdiction. This currency is used to facilitate transactions, pay off debts, and conduct various financial activities.

9. www.dictionary.com › browse › legal tenderLEGAL TENDER Definition & Meaning | Dictionary.com

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   noun. currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins. legal tender. noun. currency in specified denominations that a creditor must by law accept in redemption of a debt.

10. dictionary.justia.com › legal-tenderlegal tender Definition, Meaning & Usage | Justia Legal ...

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    Definition of "legal tender". Government-issued currency that is accepted for the payment of debts. How to use "legal tender" in a sentence. When traveling abroad, it's crucial to carry the local legal tender.

11. dictionary.cambridge.org › us › dictionaryLEGAL TENDER definition | Cambridge English Dictionary

    dictionary.cambridge.org › us › dictionary

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    LEGAL TENDER meaning: 1. the money that can be officially used in a country 2. the money that can be officially used in a…. Learn more.