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lawful money

noun

Definition of lawful money

1 a : any money whether coin or currency that may by the laws of a country be circulated as a medium of exchange — compare legal tender
b : any money recognized in a community as a medium of exchange
2 : money (such as bank reserves) designated as acceptable for a particular purpose

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Origin and Etymology of lawful money

Middle English laweful moneye, from laweful + moneye money

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