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Legal tender   /lˈigəl tˈɛndər/   Listen
Legal tender

noun
1.
Something that can be used as an official medium of payment.  Synonyms: stamp, tender.






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"Legal tender" Quotes from Famous Books



... in addition to brass guns, pieces of grey shirting (belachu) and of Nankin (kain asap) and small bits of iron were legal tender, and I have seen a specimen of a Brunei copper coinage one Sultan tried to introduce, but it was found to be so easily imitated by his subjects that it was withdrawn from circulation. At the present day silver dollars, Straits Settlements small silver pieces, and the copper ...
— British Borneo - Sketches of Brunai, Sarawak, Labuan, and North Borneo • W. H. Treacher

... had almost ceased before. This result was made worse after 1848, when there was a still further appreciation of silver through the discovery of gold in California and Australia. Silver dollars did not again circulate freely in the country until 1878, though they were full legal tender till 1873. Gold, on the other hand, was everywhere seen after 1834, though not abundant in circulation, owing to the large amounts of paper ...
— History of the United States, Volume 3 (of 6) • E. Benjamin Andrews

... Flaccus succeeded Marius as consul, and passed a law making one-fourth of a debt legal tender for payment of it; and probably in the same year the denarius was restored to its standard value. A census was also held, which would include the new Italian citizens, and Philippus, whose opposition ...
— The Gracchi Marius and Sulla - Epochs Of Ancient History • A.H. Beesley

... circulating in the colony before its emission, and its subsequent depreciation had induced the commissary ordonnateur to have recourse to an issue of ordonances, a kind of bills of credit, which although not a legal tender, from the want of a metallic currency, soon became an object of commerce. They were followed by treasury notes, which being receivable in the discharge of all claims of the treasury, soon got into circulation. This ...
— The American Quarterly Review, No. 17, March 1831 • Various

... the financial problems—currency, legal tender, the best forms of money and authority; the whole monetary system of the world is under consideration and analysis. The farmer is learning, through chemistry and other forms of science, new ways of making his farm productive, and the educated agriculturist ...
— The Warriors • Lindsay, Anna Robertson Brown


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