Legal Tender


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Legal Tender

All U.S. coins and currencies—regardless of when coined or issued—including (in terms of the federal reserve System) Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations that are used for all debts, public and private, public charges, taxes, duties, and dues.

legal tender

n. all money issued by the government.

See: cash, currency, money
References in periodicals archive ?
For that to happen, it must be recognized and honored as legal tender, and those who use it and handle it must know how to verify its authenticity.
But a week later he tried to purchase some goods in the same shop with the same pounds 5 note but was turned away by a cashier who told him it was not legal tender.
Labour MP Graham Allen, a leading campaigner for the euro, will introduce a Private Member's Bill to give euro notes and coins the same status as those issued by banks in Scotland and Northern Ireland, which are legal tender in shops throughout Britain.
For the first time ever, users with an Apple or Android tablet or mobile phone can launch an incredible 3-D image of Batman alongside the legal tender coin.
The Bank of England will continue to exchange Houblon Au50 notes after 30 April, as it would for any other Bank of England note which no longer has legal tender status.
On their website, the Bank of England state there is no such thing as legal tender.
This new banknote will be in circulation as legal tender along with the existing banknotes, including the existing RO20 which shall continue to remain a legal tender, and circulate side by side with the new currency note.
Women prefer men who have something tender about them - as long as it's legal tender.
The farthing coin, in circulation since the 13th century, ceases to be legal tender.
1971: The British penny and the threepenny piece coins ceased to be legal tender under decimalisation.
I always thought if a coin had the face value in pence sterling and had the Queen's head on it, it would be legal tender.
20 bill--whether it has the new background colors or the familiar green and black--is legal tender, worth $20.