legal tenderlegal tender
money that may be legally offered in payment of an obligation and that a creditor must accept
Currency, such as coin and paper money, declared by law to be valid and sufficient for the payment of debts.
(plural legal tenders)
- (law) Any form of currency that by law cannot be refused as payment to extinguish a debt equal to the amount offered.
legal tender - Legal Definition
A nation’s official monetary bills and coinage.