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Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
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Definition and Examples of Legal Tender Legal tender laws determine what currency is acceptable by law as payment for any debts charges or taxes Legal
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https://en.wikipedia.org/wiki/Legal_tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
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Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
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