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- DictionaryLe·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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- Legal tender
Medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal t... Wikipedia
