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Legal tender   /lˈigəl tˈɛndər/   Listen
adjective
Legal  adj.  
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.
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.
3.
(Law) Governed by the rules of law as distinguished from the rules of equity; as, legal estate; legal assets.
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.
Synonyms: Lawful; constitutional; legitimate; licit; authorized. See Lawful.


noun
Tender  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 a note, with interest. Note: To constitute a legal tender, such money must be offered as the law prescribes. So also the tender must be at the time and place where the rent or debt ought to be paid, and it must be to the full amount due.
2.
Any offer or proposal made for acceptance; as, a tender of a loan, of service, or of friendship; a tender of a bid for a contract. "A free, unlimited tender of the gospel."
3.
The thing offered; especially, money offered in payment of an obligation.
Legal tender. See under Legal.
Tender of issue (Law), a form of words in a pleading, by which a party offers to refer the question raised upon it to the appropriate mode of decision.





Collaborative International Dictionary of English 0.48


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"Legal tender" Quotes from Famous Books



... that save in freedom alone does the intellect flower and blossom; that joy is the legal tender of the soul; that only through liberty can men progress and grow; and that great and beautiful work can be done only by a ...
— Little Journeys to the Homes of the Great, Volume 9 - Subtitle: Little Journeys to the Homes of Great Reformers • Elbert Hubbard
... great measures were the Abolition of State Banks and the substitution of the National Banking System, the issue of the United States legal tender notes, and the issue of the Five-Twenty Bonds. In combination, as a financial system, they enabled the country to carry a debt of three thousand million dollars, and it is probable that a debt of six thousand million would not have paralyzed the public credit. It is an instance of ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 1 • George Boutwell
... said, 'that a republic, at least such a republic as you are likely to have, would begin by some gross economical enormities—by the droit au travail, by the impot progressif sur la fortune presumtee, by a paper currency made a legal tender ...
— Correspondence & Conversations of Alexis de Tocqueville with Nassau William Senior from 1834 to 1859, Vol. 2 • Alexis de Tocqueville


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