Legal tender definition

Legal tender means a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.
Legal tender means a medium of exchange or unit of value, including the coin or
Legal tender means any national currency, such as U.S. dollars, that may be used in connection with a purchase or sale of Digital Assets via the Services, and does not include any Digital Asset.

Examples of Legal tender in a sentence

  • This is, in particular, because the UK was signatory to the treaties, and unless otherwise directed, a Legal tender law from an exiting country in flagrant violation of the treaties will be considered to be manifestly contrary to UK public policy and the Lex Monetae of the exiting country will likely not be upheld in UK Courts.

  • Legal tender is roughly interpreted as obliging the economic agents to accept the instrument as payment, but this interpretation is not always fitting.

  • Legal tender status should ensure a wide acceptance of the digital euro.

  • Legal tender has the advantage of being usable for transactions across the country (or even outside); and is more generally accepted.

  • Legal tender, created as debt, results in ever larger debt burdens thrust upon innocent future generations that will experience progressively lower living standards and reduced economic opportunity.

More Definitions of Legal tender

Legal tender means coins and currency;
Legal tender means a currency designated as legal tender in a particular country or jurisdiction, such as U.S. dollars.
Legal tender means a medium of exchange or unit of value, including the coin or paper money of the United States, issued by the United States or by another government.
Legal tender means a recognized medium of exchange for the payment of debts and taxes;
Legal tender means that if a debtor pays in legal tender the exact amount they owe under the terms of a contract, they have a good defence in law if they are subsequently sued for non-payment of the debt. In practice, the concept of 'legal tender' does not govern the acceptability of banknotes as a means of payment. This is essentially a matter for agreement between the parties involved.
Legal tender means lawful money as defined in subsection (13) of
Legal tender means a medium of exchange, currency, or money that may be accepted for the satisfaction of debts under the laws of the State of South Carolina or the United States.