Legal tender - Wikipedia, the free encyclopedia
Legal tender or forced tender is an offered payment that, by law, cannot be refused in settlement of a debt, and have the debt remain in force. The origin of the word is from Middle English tendre...
en.wikipedia.org/wiki/Legal_tender
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Pound sterling - Wikipedia, the free encyclopedia
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The pound sterling (symbol: £ ; ISO code: GBP ), often simply called the pound , is the currency of the United Kingdom, its Crown dependencies (the Isle of Man and the Channel Islands) and the...
en.wikipedia.org/wiki/Pound_sterling
Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt.
www.bankofengland.co.uk/banknotes/about/faqs.htm www.bankofengland.co.uk/banknotes/about/faqs.htm
Scottish bank notes are not legal tender in Scotland. English bank notes of denomination less than 5UKP ... Malcolm Bruce: May I suggest that the Secretary of State impress on the Chancellor and the Governor of the Bank of England that it is high time Scottish banknotes were fully legally acceptable throughout the UK?
www.siliconglen.com/scotfaq/1_7.html
It would require all providers of goods or services in the UK which accept Bank of England notes to take Scottish banknotes on an equal basis. ... Mr Mundell told BBC Radio Scotland's Good Morning Scotland programme he had consciously avoided the complex issue of legal tender.
news.bbc.co.uk/2/hi/uk_news/scotland/7841273.stm news.bbc.co.uk/2/hi/uk_news/scotland/7841273.stm
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No that's linked to sterling, and will be credited into your UK bank account at face value. Then you can withdraw the same amount in legal tender. Given this, the question must be why sterling linked currency is refused.
www.legalspring.com/articles/misc-legal/20040905/0_Re--... www.legalspring.com/articles/misc-legal/20040905/0_Re--Is-States-of-Jer.html
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19thC: Whereas at one time coins could be valued by the metals from which they were made, over time, as the likes of copper and silver became in short supply, wages might be paid in token coins which had no intrinsic worth but were considered legal tender.
www.peterch.fsnet.co.uk/Pages&Frames/pg-info-money.htm www.peterch.fsnet.co.uk/Pages&Frames/pg-info-money.htm
Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender.
www.royalmint.com/corporate/policies/legal_tender_guide... www.royalmint.com/corporate/policies/legal_tender_guidelines.aspx
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