Phrases with «legal tender»

"Legal tender" refers to money or currency that must be accepted as a form of payment in a particular country or jurisdiction. It means that if you owe someone money, they cannot refuse to accept the legal tender as payment. This concept helps ensure the stability and reliability of the currency within a specific region. Full definition

Related phrases

Sentences with «legal tender»

  • While bitcoin isn't recognized as legal tender in the country, many retailers have already begun accepting the cryptocurrency as payment. (cryptotimes.news)
  • The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country. (cryptobear.info)
  • A check is not legal tender for debts public and private. (money.stackexchange.com)
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