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legal tender |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia | 0.01 sec. |
legal tenderCurrency that must be accepted in payment of debt. Cheques and postal orders are not included. In most countries, limits are set on the amount of coinage, particularly of small denominations, that must legally be accepted. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| No State shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make any thing but gold and silver a legal tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts; or grant any title of nobility. And then Joe, with the air of a Monte Cristo, drew forth a ten, a five, a two and a one--all legal tender notes--and laid them beside Delia's earnings. |
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