Legal tender

lee-guhl ten-der

Noun

formal english definition

Currency that must be accepted in a country when offered.

EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition

Legal tender is money that the government says can be used to pay for things. When you go to the store to make a purchase, the store must accept legal tender as payment.

COMPREHENSIVE definition

"Legal tender is a sort of currency that is recognized and accepted as payment for goods and services by a government. It is typically issued and regulated by a central body, such as a central bank, and is backed by the government's complete faith and credit. "

Other local languages
Tagalog definition

Pera na dapat tinatanggap sa isang bansa kapag inalok/ginamit sa bayarin.

Cebuano definition

Currency nga kinahanglang dawaton sa usa ka nasod kung gitanyag.

Ilocano definition

Cuarta nga masapul nga maawat iti nasion nucaanu nga maikkan.