Legal Tender


Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.

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 ?
The withdrawal of the old paper tenner means the Bank of England's legal tender PS10 notes, as well as its PS5 notes, are made from polymer, while its current PS20 and PS50 notes are paper.
An instance of this is the Rs 10 coin with rupee symbol and the same denomination coin without rupee symbol, it said, adding both of them are legal tender and equally good for transactions, though they may look a little different.
Last Tuesday, the Centre announced that INR500 and INR1,000 notes would cease to be legal tender from midnight November 8.
The PM said post November 8 midnight, the currency notes of Rs 500 and Rs 1000 would be only paper, with no value and would no more be legal tender.
All old design banknotes shall cease to be legal tender on December 01, 2016 while last day to exchange all such banknotes from SBP BSC field offices is December 31, 2021.
But the Royal Mint have confirmed the coin is not UK legal tender nor is it approved by the Queen.
by ONA These new coins will circulate as legal tender along with the existing circulation coins.
The one-lev note will cease to be a legal tender in Bulgaria from next year, according to a decision of the countryas central bank.
The Reserve Bank occasionally fields queries from the public about the rules of legal tender Typically, we find, these people have had a dispute with a seller over payment methods, for instance, a seller may insist on EFTPOS while the customer wants to use cash.
One of the police officers gave her a 5p coin to make her offer legal tender.
The laws are clear--the legal tender in our country is the denar.
ICE is urging those jetting off abroad this summer to double-check the legal tender of their destination and not to assume that any European country will accept euros.