Legal tender

Legal Tender
In law, legal tender is payment that by statute must be accepted in payment of a debt. In the US, federal law declares that all US currency coins and notes are legal tender.

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Panama
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Uniquely, Panama does not have a central bank or an independent monetary policy. The dollar is the country's de facto currency.

legal tender
money recognized by law as acceptable payment for debts owed to creditors. In the United States, legal tender (also called lawful money) is all forms of circulating paper money, mostly Federal Reserve Notes, and coins.

Legal Tender
Any money that is recognized as being lawful for use by a debtor to pay a creditor, who must accept same in the discharge of a debt unless the contract between the parties specifically states that another type of money is to be used.

legal tender: An accepted form of payment for a debt.
lessee: A person or corporation that rents an asset from another person or corporation.
lessor: A person or corporation that rents an asset to another person or corporation.

Legal tender - Anything that by law must be accepted for the purchase of goods and services or in discharge of a debt.

Legal tender or coins that can be used in exchange goods, debt, or services. Sometimes also including the value of assets that can be converted into cash immediately, as reported by a company.

Legal Tender. Currency in such amounts and denominations as the law authorizes a debtor to tender and requires a creditor to receive in payment of money obligations. TOP^ ...

With a legal tender value of $50 US dollars, American Buffalo Gold Coin features almost the same design of the famous Buffalo Nickel from 1913 to 1938.

Under the Legal Tender Act of 1933, all American coin and paper money in circulation is now legal tender, i.e., under the law it must be accepted at face value by creditors in payment of any debt, public or private.

source from which legal tender notes can be obtained; Charter Act. a power important at all times, but pre-eminently so in times of pressure.

lawful money Money having legal tender status. Lawrence Kudlow Lawrence Kudlow serves as anchor of CNBC's business news show 'Kudlow & Company'...

Euro banknotes and coins were introduced as the sole legal tender for the first time on 1 January 2002. Since then, four more cash changeovers have been pursued following the euro adoption in Slovenia Cyprus, Malta and Slovakia.

outside the United States, its territories and possessions as the Company may designate, in such coin or currency of the United Sates (in the case of principal) or of Japan (in the case of interest) as at the time of payment shall be legal tender for ...

Many online games (MMORPGs) provide a type of virtual currency that can only be earned within the game and/or be purchased with real legal tender from outside the game.

Fiat money is paper currency made legal tender by law or fiat. It is not backed by gold or silver and is not necessarily redeemable in coin. This practice has had widespread use for about the last 70 years.

Unlike cash, which is legal tender, checks are not widely used in stores or for the everyday purchase of items.

61-2(d)(1), a taxpayer who bargains to be paid for his services in legal tender (in this case, silver dollar coins) must report the income at the fair market value (numismatic value), and not at the lower face value.

The introduction of the krone as the legal tender in Norway, 1875 was a result of the Scandinavian Monetary Union, which lasted until the First World War.

Coins and notes that are a legally recognised medium of exchange (legal tender). Also the amount of wealth a person has. As an asset, the term is used synonymously with cash or cash equivalents.
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"Goods or assets the use of which is lawful under Islamic law, or wealth that has a commercial value. Legal tenders or rights to property that carry monetary value are also included.

CASH PORTION - is that percentage of assets consisting of the legal tender of the amounts in question; ...
CASH POSITION - The percentage of a mutual fund's assets invested in short-term reserves, such as US Tr...

Currency and coin that are guaranteed as legal tender by the government.
Money base
Composed of currency and coins outside the banking system plus liabilities to the deposit money banks.

Across Euroland national currencies are no longer legal tender although banks in Europe will continue to accept and exchange them for Euros for several years.The planning for EMU has been under way for some time.

Money
Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.
Money base
Composed of currency and coins outside the banking system plus liabilities to the deposit money banks.

Under law, such notes are redeemable as money and are considered full legal tender. Bank notes are also called bank bills or bank currency. [OTS] A term used synonymously with paper money or currency issued by a bank.

In an internal gold-standard system, which implies the use of an international gold standard, gold coins circulate as legal tender or paper money is freely convertible into gold at a fixed price.

United States, Great Britain, Switzerland, Japan or Germany) fiat currencies remain generally acceptable as a means of payment because people think that they "know for sure" the currency can be used to satisfy their tax bills, because legal tender ...

The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender.
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Banknote - A negotiable promissory note issued by a bank and payable to the bearer on demand. The amount payable is stated on the face of the note. Banknotes are considered legal tender, and, along with coins, ...

Eurocurrency market The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries of the currencies issued as legal tender.

Within a few months, France's money supply was effectively doubled since Banque Royale notes were considered legal tender.

See also: Banks, Euro, Equilibrium, Asset pricing model, Capital asset pricing model