Home
E-Mail
Latest

Legal Tender

What is it? Any money that is recognized as being lawful for use by a debtor to pay a creditor, who must accept same in the discharge of a debt unless the contract between the parties specifically states that another type of money is to be used. It is that money which is lawful for the payment of all debts, public and private, public charges, taxes, duties and dues.

Added By: Kate

The Legal Tender definition has been viewed 87 Time(s)!




Send To Friends!

If you'd like to send the Legal Tender definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Legal Tender. If you need any more information on this term, please don't hesitate to contact us.