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Home > QFINANCE Dictionary > Definition of legal tender

Definition of

legal tender


legally accepted paper money and coins paper money and coins that have to be accepted within a given jurisdiction when offered as payment of a debt.

Related definitions of "legal tender"

Recommended Further Reading (Term count)
  • A Single Currency for Asia?
    by Amitendu Palit
    Asia’s efforts to move toward a common regional currency appear to have stalled. Although the Asian financial crisis of 1997 created the tempo for greater monetary policy and exchange rate coordination in the region, large heterogeneities in economic structures, policies, and institutions among regional economies have prevented decisive moves to a common currency. Asia lacks appropriate institutions for adopting common monetary policies and...

Definitions of ’legal tender’ and meaning of ’legal tender’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’legal tender’ and other financial terms with our online QFINANCE Financial Dictionary.

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