LEGALTENDER

Legal tender

Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. The origin of the term "legal tender" is from Middle English tendren, French tendre, meaning to offer. The Latin root is tendere, and the sense of tender as an offer is related to the etymology of the English word extend . The noun form of a tender as an offering is a back-formation of the noun from the verb.

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legal tender

Noun

  1. Any form of currency that by law cannot be refused as payment to extinguish a debt equal to the amount offered.


The above text is a snippet from Wiktionary: legal tender
and as such is available under the Creative Commons Attribution/Share-Alike License.

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