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Legal tender   /lˈigəl tˈɛndər/   Listen
adjective
Legal  adj.  
1.
Created by, permitted by, in conformity with, or relating to, law; as, a legal obligation; a legal standard or test; a legal procedure; a legal claim; a legal trade; anything is legal which the laws do not forbid.
2.
(Theol.)
(a)
According to the law of works, as distinguished from free grace; or resting on works for salvation.
(b)
According to the old or Mosaic dispensation; in accordance with the law of Moses.
3.
(Law) Governed by the rules of law as distinguished from the rules of equity; as, legal estate; legal assets.
Legal cap. See under Cap.
Legal tender.
(a)
The act of tendering in the performance of a contract or satisfaction of a claim that which the law prescribes or permits, and at such time and place as the law prescribes or permits.
(b)
That currency, or money, which the law authorizes a debtor to tender and requires a creditor to receive. It differs in different countries.
Synonyms: Lawful; constitutional; legitimate; licit; authorized. See Lawful.


noun
Tender  n.  
1.
(Law) An offer, either of money to pay a debt, or of service to be performed, in order to save a penalty or forfeiture, which would be incurred by nonpayment or nonperformance; as, the tender of rent due, or of the amount of a note, with interest. Note: To constitute a legal tender, such money must be offered as the law prescribes. So also the tender must be at the time and place where the rent or debt ought to be paid, and it must be to the full amount due.
2.
Any offer or proposal made for acceptance; as, a tender of a loan, of service, or of friendship; a tender of a bid for a contract. "A free, unlimited tender of the gospel."
3.
The thing offered; especially, money offered in payment of an obligation.
Legal tender. See under Legal.
Tender of issue (Law), a form of words in a pleading, by which a party offers to refer the question raised upon it to the appropriate mode of decision.





Collaborative International Dictionary of English 0.48


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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copper coinage one Sultan tried to introduce, but it was found to be so easily imitated by his subjects that it was withdrawn from circulation.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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