Legal tender

Legal tender
Legal Le"gal (l[=e]"gal), a. [L. legalis, fr. lex, legis, law; prob. orig., that which lies or is fixed (cf. L. lectus bed), and if so akin to E. lie, law: cf. F. l['e]gal. Cf. {Lie} to be prostrate, {Loyal}, {Leal}.] 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. [1913 Webster]

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. [1913 Webster]

3. (Law) Governed by the rules of law as distinguished from the rules of equity; as, legal estate; legal assets. --Bouvier. --Burrill. [1913 Webster]

{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.

Syn: Lawful; constitutional; legitimate; licit; authorized. See {Lawful}. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

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  • legal tender — n: money that is legally valid for the payment of debts and that must be accepted for that purpose when offered Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. legal tender …   Law dictionary

  • Legal tender — Tender Ten der, 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 …   The Collaborative International Dictionary of English

  • legal tender — ˌlegal ˈtender noun [uncountable] FINANCE coins and bank notes that are officially allowed to be used as money in a particular place: • These notes are no longer legal tender. * * * legal tender UK US noun [U] MONEY ► coins or bank notes that are …   Financial and business terms

  • Legal tender — (engl., spr. līgäl, »gesetzliche Achtung«), die Banknoten beigelegte Eigenschaft, als gesetzliches Zahlungsmittel zu dienen. Vgl. Papiergeld und Banken, S. 346 …   Meyers Großes Konversations-Lexikon

  • legal tender — n [U] coins or bank notes that people can officially use as money in a particular country …   Dictionary of contemporary English

  • legal tender — noun uncount the money that is officially used in a country …   Usage of the words and phrases in modern English

  • legal tender — *money, cash, currency, specie, coin, coinage …   New Dictionary of Synonyms

  • legal tender — ► NOUN ▪ coins or banknotes that must be accepted if offered in payment of a debt …   English terms dictionary

  • legal tender — n. money that may be legally offered in payment of an obligation and that a creditor must accept …   English World dictionary

  • Legal tender — This article is about the payment medium. For the song, see Legal Tender (song). Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency is a common form …   Wikipedia

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