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legal tender

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
legal tender
currency in specified denominations that a creditor must by law accept in redemption of a debt


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No State shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make any thing but gold and silver a legal tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts; or grant any title of nobility.
Federalist Papers Authored by James Madison by Madison, James View in context
And then Joe, with the air of a Monte Cristo, drew forth a ten, a five, a two and a one--all legal tender notes--and laid them beside Delia's earnings.
The Four Million by Henry, O. View in context
 
 
 
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