LEGAL TENDER
\lˈiːɡə͡l tˈɛndə], \lˈiːɡəl tˈɛndə], \l_ˈiː_ɡ_əl t_ˈɛ_n_d_ə]\
Definitions of LEGAL TENDER
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By DataStellar Co., Ltd
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Lawfully established national currency denominations. Legally required commercial exchange medium for money-debt payment. Differs widely from country to country. Creditors, lenders, and sellers retain the option to accept financial vehicles, such as checks and postal orders that are not legal tender, for payment of debt . Also known as lawful money.
By Henry Campbell Black
