legal tender

noun

Definition of legal tender

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

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Synonyms for legal tender

Synonyms

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Examples of legal tender in a Sentence

Soon after France adopted the euro, the French franc ceased to be legal tender. coins and bills are considered legal tender, but postage stamps are not
Recent Examples on the Web It’s legal tender based on code, not paper, that’s distributed by the central bank. Bernhard Warner, Fortune, "Crypto and global stocks climb to fresh records," 6 Apr. 2021 Lower cost, ease of use and widespread acceptance of CBDC payments, coupled with legislative clarity about CBDC as legal tender will also encourage adoption. Vipin Bharathan, Forbes, "Analysis Of A Fed Note: On Preconditions For A General-Purpose Central Bank Digital Currency," 1 Mar. 2021 Putting Tubman on legal tender changes nothing for Black women — or African Americans. Monica Williams, Star Tribune, "Tubman on the $20 does nothing for me as a Black woman," 5 Feb. 2021 In so doing, the printing presses were shut down; the U.S. dollar became legal tender, taxes were required to be paid in dollars, and government accounts were kept in dollars. Craig Richardson, National Review, "Dollarized Victoria Falls Rises above Zimbabwe’s Economic Mess," 10 Dec. 2020 The customer argues that U.S. currency is legal tender throughout the nation, and must be accepted, by law, in payment of any debt. Donna Engle, baltimoresun.com/maryland/carroll, "Legal Matters: ‘We don’t take cash.’ Coronavirus brings payment concerns," 21 Nov. 2020 Cameroonian tech entrepreneur Rebecca Enonchong says the government move seems to violate a number of laws, including on what constitutes legal tender as deductions will be made on phone credit and not mobile money. Amindeh Blaise Atabong, Quartz Africa, "Cameroon’s plan to make users pay import duties on mobile devices has sparked outrage," 16 Oct. 2020 The coins are legal tender, but they are intended to be given to a charitable cause. Dan Ariely, WSJ, "Making a Good First Impression," 15 Oct. 2020 Acts are each recorded on kindness tickets that are legal tender on the Read ’n’ Roll. Patrik Jonsson, The Christian Science Monitor, "At Stan the Man’s bookmobile, kids buy books with acts of kindness," 1 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'legal tender.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of legal tender

circa 1730, in the meaning defined above

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Time Traveler for legal tender

Time Traveler

The first known use of legal tender was circa 1730

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Statistics for legal tender

Last Updated

14 Apr 2021

Cite this Entry

“Legal tender.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/legal%20tender. Accessed 5 May. 2021.

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More Definitions for legal tender

legal tender

noun

English Language Learners Definition of legal tender

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

legal tender

noun

Legal Definition of legal tender

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

More from Merriam-Webster on legal tender

Thesaurus: All synonyms and antonyms for legal tender

Nglish: Translation of legal tender for Spanish Speakers

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