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lawful money

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Definition of lawful money

1a : 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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History and Etymology for lawful money

Middle English laweful moneye, from laweful + moneye money

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Dictionary Entries Near lawful money

lawful

lawful money

lawful rate

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Cite this Entry

“Lawful money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lawful%20money. Accessed 28 May. 2022.

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