legal tender


legal tender

noun

: money that the law allows people to use for paying debts

Full Definition of LEGAL TENDER

:  money that is legally valid for the payment of debts and that must be accepted for that purpose when offered

Examples of LEGAL TENDER

  1. Soon after France adopted the euro, the French franc ceased to be legal tender.
  2. <coins and bills are considered legal tender, but postage stamps are not>

First Known Use of LEGAL TENDER

1739

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