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legal tender
noun
: money that is legally valid for the payment of debts and that must be accepted for that purpose when offered
Synonyms
Example Sentences
Soon after France adopted the euro, the French franc ceased to be legal tender. coins and bills are considered legal tender, but postage stamps are not
Recent Examples on the Web President Nayib Bukele first announced the Bitcoin bond—also known as the Volcano token—in November 2021, two months after El Salvador adopted Bitcoin as legal tender. 
Leo Schwartz, Fortune, 30 Aug. 2022 The first-term leader is probably best known worldwide for making El Salvador the first nation to allow cryptocurrency as legal tender. Los Angeles Times, 11 July 2022 Under the 1965 Australian Currency Act, it is used as the country’s legal tender. Laxmi Corp, The Salt Lake Tribune, 12 July 2022 While a merchant may refuse Federal Reserve notes over a certain amount, legal tender laws may require him to accept the same as a settlement for an outstanding debt. Christian Kameir, Forbes, 7 July 2022 Some of the key issues are whether cryptocurrency should be considered a commodity, an asset, or legal tender. Mimansa Verma, Quartz, 4 Jan. 2022 This 2020 gold coin is issued as legal tender with a $25 AUD face value. Laxmi Corp, The Salt Lake Tribune, 12 July 2022 The country, which was the first in the continent of Africa to adopt Bitcoin as legal tender in April 2022, announced its own digital currency, according to the nation’s leader. Jasmine Browley, Essence, 7 July 2022 The Zimbabwean dollar is the official currency in the country, but the U.S. dollar and other foreign currencies were considered legal tender between 2009 and 2019, and the greenback is still widely used and accepted. Tristan Bove, Fortune, 6 July 2022 See More
Leo Schwartz, Fortune, 30 Aug. 2022 The first-term leader is probably best known worldwide for making El Salvador the first nation to allow cryptocurrency as legal tender. Los Angeles Times, 11 July 2022 Under the 1965 Australian Currency Act, it is used as the country’s legal tender. Laxmi Corp, The Salt Lake Tribune, 12 July 2022 While a merchant may refuse Federal Reserve notes over a certain amount, legal tender laws may require him to accept the same as a settlement for an outstanding debt. Christian Kameir, Forbes, 7 July 2022 Some of the key issues are whether cryptocurrency should be considered a commodity, an asset, or legal tender. Mimansa Verma, Quartz, 4 Jan. 2022 This 2020 gold coin is issued as legal tender with a $25 AUD face value. Laxmi Corp, The Salt Lake Tribune, 12 July 2022 The country, which was the first in the continent of Africa to adopt Bitcoin as legal tender in April 2022, announced its own digital currency, according to the nation’s leader. Jasmine Browley, Essence, 7 July 2022 The Zimbabwean dollar is the official currency in the country, but the U.S. dollar and other foreign currencies were considered legal tender between 2009 and 2019, and the greenback is still widely used and accepted. Tristan Bove, Fortune, 6 July 2022 See More Word History
First Known Use
circa 1730, in the meaning defined above
Time Traveler
The first known use of legal tender was circa 1730 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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