View definitions for legal tender

legal tender

noun as in money backed by government

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Example Sentences

Businesses are free to refuse commercial payment systems—but because digital RMB is legal tender, they are legally obliged to accept it.

From Time

The International Monetary Fund has also cautioned nations against accepting Bitcoin as legal tender.

From Ozy

No country has ever used bitcoin or any other cryptocurrency as legal tender, and challenges abound.

The World Bank has rejected the government of El Salvador's request to help the country implement Bitcoin as legal tender, Reuters first reported late Wednesday.

From Axios

On June 8, El Salvador became the first country in the world to adopt bitcoin as legal tender.

From Quartz

If so, why do the rest of us have to put up with legal-tender paper money?

It was not practicable to deny a legal-tender value to so much Mexican, and Spanish-Philippine coin in circulation.

I don't suppose our greenbacks would be a legal tender with them.

This would involve, of course, the possible inflation of legal tender currency to the amount of outstanding bonds.

This quality of being a legal tender was the only respect in which these notes differ from those signed by an individual.

Clothed with sovereignty, it had, or at least exercised, the power to make its notes a legal tender.


On this page you'll find 19 synonyms, antonyms, and words related to legal tender, such as: circulating medium, cold cash, currency, hard cash, honest money, and medium of exchange.

From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.