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legal tender
noun
currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins.
legal tender
noun
currency in specified denominations that a creditor must by law accept in redemption of a debt
legal tender
Any form of money that a government decrees must be accepted in payment of debts.
Word History and Origins
Origin of legal tender1
Example Sentences
Last year, the country welcomed a record 3.9 million tourists, including cryptocurrency evangelists drawn by Bukele’s short-lived experiment in making Bitcoin legal tender.
"I'll accept any legal tender - I'm not going to tell people how to pay for their goods," she added.
Suddenly I realized — a shock to the system! — you needed legal tender in order to live.
In 2022, CAR became the world's second country after El Salvador to adopt the cryptocurrency Bitcoin as legal tender.
Cash is legal tender in the UK, but businesses are not obliged to serve people who only want to pay with notes and coins.
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