legal tender


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  • noun

Synonyms for legal tender

Synonyms for legal tender

something that can be used as an official medium of payment

References in periodicals archive ?
However, in the five years between leaving his Treasury post and the decision on the first legal tender case, Hepburn v.
<strong style="mso-bidi-font-weight: normal;">North Carolina </strong>introduced (but not passed) a bill that would have the state issue its own legal tender backed by the gold and silver in the state's treasury.<span style="mso-spacerun: yes;">&nbsp; </span>
Labour MP Graham Allen, a leading campaigner for the euro, will introduce a Private Member's Bill to give euro notes and coins the same status as those issued by banks in Scotland and Northern Ireland, which are legal tender in shops throughout Britain.
In order to allow Saint-Pierre-et-Miquelon and Mayotte to continue using the same currency as metropolitan France, the draft Decision proposes that the Euro should become the currency of the two territories and that France should grant legal tender status to banknotes and coins issued by the European System of Central Banks and the Member States adopting the Euro.
legal tender or by customer's check is made upon acceptance of product.
The Legal Tender Act was declared constitutional by a Supreme Court decision in the case of Knox v.
Scottish bank notes are not considered legal tender in England, although the same can be said for English bank notes north of the Border.
Under Republic Act 11211 or the New Central Bank Act, the BSP has the sole power to issue currency, within the Philippines, with all notes and coins issued by the country's Central Bank fully guaranteed and are legal tender in the Philippines for all debts, both public and private.
Global Banking News-September 6, 2018--Samoa central bank says cryptocurrencies are not legal tender
M2 EQUITYBITES-September 6, 2018--Samoa central bank says cryptocurrencies are not legal tender
BANKING AND CREDIT NEWS-September 6, 2018--Samoa central bank says cryptocurrencies are not legal tender
Summary: All the earlier series of bank notes in Rs100 denomination will continue to be legal tender
Precisely what else can be deduced from the legal tender status is a question of interpretation: the Treaty and the binding secondary legislation do not define the content of the legal tender status.
Amid the rising popularity of Bitcoins, the Government has time and again, reiterated that such kind of virtual currencies will not be considered legal tender in India.