legal tender Synonyms

legal tender Meaning

Wordnet

legal tender (n)

something that can be used as an official medium of payment

legal tender Sentence Examples

  1. The United States dollar is the official legal tender within the borders of the country.
  2. The European Central Bank has the exclusive right to issue legal tender in the eurozone.
  3. Legal tender is any form of money that is recognized by law as a valid means of payment for debts.
  4. Bitcoin is not considered legal tender in most jurisdictions.
  5. Counterfeit money is not legal tender and can result in legal consequences.
  6. Certain forms of cryptocurrency may be recognized as legal tender in some jurisdictions.
  7. The value of legal tender is determined by the market and can fluctuate over time.
  8. The government has the authority to design and issue legal tender, such as coins and banknotes.
  9. Acceptance of legal tender for payment cannot be refused unless there is a specific agreement to the contrary.
  10. The legal status of legal tender can vary across different countries and legal systems.

FAQs About the word legal tender

something that can be used as an official medium of payment

currency, money, bucks, coin,cash, bread, dollar, promissory note, shekels, cabbage

No antonyms found.

The United States dollar is the official legal tender within the borders of the country.

The European Central Bank has the exclusive right to issue legal tender in the eurozone.

Legal tender is any form of money that is recognized by law as a valid means of payment for debts.

Bitcoin is not considered legal tender in most jurisdictions.