legal tender
official money
TRANSLATION
legal tender = gesetzliches Zahlungsmittel (woerterbuch.info) --- GOOGLE INDEX legal tender: approximately 1,000,000 hits
STATISTICS
IN THE PRESS
Slovenia converted to the euro Monday, officially becoming the 13th member of the euro zone — and the first among the newest EU members to qualify to use the currency. But at least half a dozen other European mini-states and territories are using the currency as LEGAL TENDER — without approval from the European Central Bank.
(International Herald Tribune)
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Finally the German mark technically ceases to be LEGAL TENDER on the 31st of December 2001, although travellers will still be allowed to spend it in shops for the first few weeks of January 2002.
(UK Government News Network)
(International Herald Tribune)
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Finally the German mark technically ceases to be LEGAL TENDER on the 31st of December 2001, although travellers will still be allowed to spend it in shops for the first few weeks of January 2002.
(UK Government News Network)
Did you
know?
legal tender
noun
- the money which can be officially used in a country
(Cambridge Advanced Learner’s Dictionary)
- legally valid currency that may be offered in payment of a debt and that a creditor must accept
(The American Heritage® Dictionary of the English Language, Fourth Edition)
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WORD ORIGIN
Legal tender is payment that, by law, cannot be refused in settlement of a debt denominated in the same currency.
Legal tender is a frequently misunderstood concept, which is often a result of legal definitions that vary from one country to the next. Cheques, credit cards, debit cards and similar non-cash methods of payment are generally not considered legal tender. This definition is usually reserved for coins and bank notes.
When in the UK all notes have a portrait of Queen Elizabeth II on the front, and each denomination portrays a prominent British figure on the reverse:
5 pound note – Elizabeth Fry, late 18th century/early 19th century social reformer
10 pound note – Charles Darwin, naturalist and father of the evolution theory
20 pound note (old style) – Edward Elgar, symphony composer
20 pound note (new style) – Adam Smith, one of the founding fathers of modern economics
50 pound note – Sir John Houblon, first Governor of the Bank of England
(sources: Wikipedia, Bank Of England)
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IMPRESS YOUR FRIENDS TODAY
say something like:
"I have to go to Barbados on business next week. Do you have any idea what they accept as legal tender?"
noun
- the money which can be officially used in a country
(Cambridge Advanced Learner’s Dictionary)
- legally valid currency that may be offered in payment of a debt and that a creditor must accept
(The American Heritage® Dictionary of the English Language, Fourth Edition)
---
WORD ORIGIN
Legal tender is payment that, by law, cannot be refused in settlement of a debt denominated in the same currency.
Legal tender is a frequently misunderstood concept, which is often a result of legal definitions that vary from one country to the next. Cheques, credit cards, debit cards and similar non-cash methods of payment are generally not considered legal tender. This definition is usually reserved for coins and bank notes.
When in the UK all notes have a portrait of Queen Elizabeth II on the front, and each denomination portrays a prominent British figure on the reverse:
5 pound note – Elizabeth Fry, late 18th century/early 19th century social reformer
10 pound note – Charles Darwin, naturalist and father of the evolution theory
20 pound note (old style) – Edward Elgar, symphony composer
20 pound note (new style) – Adam Smith, one of the founding fathers of modern economics
50 pound note – Sir John Houblon, first Governor of the Bank of England
(sources: Wikipedia, Bank Of England)
---
IMPRESS YOUR FRIENDS TODAY
say something like:
"I have to go to Barbados on business next week. Do you have any idea what they accept as legal tender?"
