noun

  • [mass noun] Coins or banknotes that must be accepted if offered in payment of a debt.

    • ‘Its bank notes, which functioned much like today's paper currency, acted as legal tender in payment of U.S. debts.’
    • ‘In 1811, paper banknotes became legal tender in Britain.’
    • ‘From January 1, only the new bills and coins are legal tender.’
    • ‘Euro notes and coins become legal tender in 12 countries and ‘dual circulation’ begins.’
    • ‘Making the notes legal tender for all debts would solve that problem.’
    cash, hard cash, ready money
    View synonyms

Pronunciation:

legal tender

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