legal tender


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legal tender

currency in specified denominations that a creditor must by law accept in redemption of a debt
References in periodicals archive ?
In practical terms, it said that may legal tender money created by the federal union or the states or the "people" had to be gold or silver coins, or redeemable in gold or silver coins of specified weight and fineness.
Utah isn't the only place to distrust the US dollar and push for precious metals as legal tender.
Gerald Sheehan, deputy master of the Royal Mint said: 'We are delighted to collaborate with the British & Irish Lions and the New Zealand government to mark the 12th Lions Tour of New Zealand with a series of legal tender collector coins.
Brian Siswell, Middlesbrough Council's electoral registration officer, said coinage was only legal tender up to a certain amount.
dollar as legal tender in 2001 was an extremely significant step toward long-term financial stability, as well as facilitating the ongoing integration of the Central American economies--a goal supported by the nation's modern and dynamic banking system.
Thomas Greco, author of Money: Understanding and Creating Alternatives to Legal Tender (Chelsea Green, $19.95), believes these systems improve the health of communities.
AN ATTEMPT to make the euro legal tender in Britain will be made in the Commons this week.
French banknotes and coins currently have legal tender status is both communities.
It's a tribute to their talent that the disc squeezes in 18 tracks and still doesn't include such essential anthems as "Legal Tender" or "Give Me Back My Man." But it does feature two new jams--"Debbie," a tribute to Blondie's Debbie Harry, and "Hallucinating Pluto," another excuse for Schneider to throw a hissy fit.
During that period, both the euro and the "old" currency will be legal tender. Effective July 1, 2002, the old national currencies of participating countries will cease to be legal tender.
Our willingness to agitate has been our only means to open the doors to the educational, job and business opportunities that are the legal tender of freedom in America.