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Money recognized by law as acceptable payment for debts owed to creditors. In the United States, legal tender (also called lawful money) is all forms of circulating paper money, ... The Reserve Bank Act 1959 and Currency Act 1965 establish that it is not legally required to accept legal tender, even for an existing...
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www.answers.com/topic/legal-tender
www.answers.com/topic/legal-tender
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I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. ... It must pay for them in full, dollar for dollar,
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www.ustreas.gov/education/faq/currency/legal-tender.sht...
www.ustreas.gov/education/faq/currency/legal-tender.shtml
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As your article points out, the status of cash as "legal tender" means that your creditors must accept cash in payment of what you owe them. When you want to buy the drink on the airplane, however, the airline isn't your creditor, because you don't owe it any money.
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legallad.quickanddirtytips.com/legal-tender.aspx
legallad.quickanddirtytips.com/legal-tender.aspx
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would suppose that “legal tender” money is defined as one of the following: Any government- issued money; Money that contractual creditors must accept; ...
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papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1292893_code60...
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1292893_code600.pdf?abstractid=1292893&mirid=1
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"Money that may be legally offered in payment of an obligation and that a creditor must accept." In other words, legal tender is 'money' which MUST BE ACCEPTED…BY LAW.
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www.gold-eagle.com/gold_digest_04/stott111804.html
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This term refers to an attribute of money that results from legislation declaring it to be, as in the case of modern Untied States currency, "legal tender for all debts public and private." Creditors must therefore accept it at face value.
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www.metaglossary.com/meanings/648605/
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All this means is that the Federal Reserve System must honor U.S. currency and coins, not necessarily anyone else. U.S. currency and coins can be ... However, even in cases where legal tender has been agreed to as a form of payment, private businesses are still free to specify which forms of legal tender they will accept.
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www.snopes.com/business/money/pennies.asp
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legal tender n. Legally valid currency that may be offered in payment of a debt and that a creditor must accept. ... ; Main Entry: legal tender; Function: noun; : money that is legally valid for the payment of debts and that must be accepted for that purpose when offered...
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dictionary.reference.com/browse/legal+tender
dictionary.reference.com/browse/legal+tender
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The term may also be used to denote that form of money which is acceptable as payment of a private debt, but this varies country to country (state to state, specific legal tender law to specific law), and whether that law specifies that the debtor MUST use legal tender, or the creditor MUST accept it.
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www.kitcomm.com/archive/index.php?t-31689.html
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