legal tender Meaning & Definition

  • En [ ˌliː.ɡəl ˈten.dər]
  • Us [ ˌliː.ɡəl ˈten.dɚ]

Meaning of legal tender In English

More Definitions of legal tender

Examples of legal tender

  • Receiving paper in return for taxes was the mechanism conceived by the government to enforce acceptance of the peso as legal tender.

  • The legal tender status of foreign coins was not cancelled until 1857.

  • They may even become the legal tender of patent challenge and defense.

  • Strictly speaking, the gold, silver and copper coins issued by the federal government, together with selected foreign specie, were the only legal tender.

  • Despite their heterogeneous appearance, local tokens in circulation were convertible to legal tender available over a broad area.

  • Despite the growth of state banks, sovereignty was to be undivided in the matter of the issue of legal tender.

  • In principle, there is much to be said for one set of notes circulating as legal tender as at present.

  • If, however, it were to be adopted, many states might choose to make it legal tender.

More Examples of legal tender

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