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What is a Legal tender plsss​
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45 votes
45 votes
What is a Legal tender plsss​

User Yakoudbz
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2 Answers

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22 votes

Answer:

Legal tender is something which is acknowledged by the laws as a mechanism to settle a private or public debt or in order to meet a fiscal responsibility which includes paying taxes, abiding by contracts, and finally damages or fines. Almost every country uses its national currency as legal tender.

Creditors are lawfully responsible for accepting legal tender for the repayment of debt that they have availed.

User Jumble
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11 votes
11 votes
Coins or Bank notes that must be excepted if offered and payment of a debt
User Abarisone
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