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Is legal tender the only form of money that you can use to buy things?
Wiki User
∙ 13y ago
Well, I'm pretty sure you can't use ILLegal tender to buy things...
Wiki User
∙ 13y ago
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Is legal tender the only use of money to buy things?
No, legal tender is not the only form of money that can be used to buy things. In addition to physical currency issued by governments, electronic money, such as bank deposits and credit cards, can also be used to make purchases. Digital currencies like Bitcoin are another form of money that can be used for transactions.
What describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What is illegal tender?
Illegal tender refers to currency, such as counterfeit money, that has no legal value and is not recognized by a government as valid currency for transactions. Using illegal tender can lead to legal repercussions, as it is a form of fraud.
Is a twenty pound Scottish note legal tender in England?
Yes all Scottish notes are legal tender throughout the UK, that is in England, Northern Ireland and Wales. Actually no. Scottish and Northern Irish notes may be used in any part of the UK and as they are marked Sterling, most shops will accept them. They are not legal tender however. Legal tender is a misunderstood term and does not refer to whether money is currency that can be used. Scottish and Northern Irish sterling notes are not legal tender in any part of the UK. No banknote is legal tender in Scotland or N. Ireland in fact! This money is issued by retail banks and is classed as a promissory note not Legal Tender. The expression Legal Tender is to do with debt payment laws and refers to a form of payment that is legally always acceptable. In England and Wales the only legal tender is money issued by the Bank of England and no note is Legal Tender in Scotland or Northern Ireland including their own notes. There is quite a good discussion of this on the Royal Mint banknote site.
What are the comparative and superlative forms of the word tender?
The comparative form of "tender" is "more tender," and the superlative form is "most tender," when comparing the degree of tenderness in different things.
Can using the wrong color of money will cause an Anti Deficiency Act violation?
Using the wrong form of money is a federal law. It is called counterfeit money and it is not legal tender. If used prison time is the result.
Is cash for gold trustworthy?
Gold is full bodied money with intrinsic value for the face value against the representative paper money with reserve kept in form of gold as legal tender money and therefore trustworthy only if the quality,value and ownership of the gold will not entail any legal hassle.
Which African kingdom used seashells as its main form of currency?
In western Africa, shell money was usual legal tender up until the mid 19th century.It was also common in West Central Africa as the currency of the Kingdom of Kongo.
What is the noun of tend?
The noun forms of the verb to tend are tender* and the gerund, tending.A related noun form is tendency.*The noun 'tender' is a word for one who takes care of (tends); money in payment (legal tender); a car attached to a train for carrying fuel and water; a word for a person or a thing.
Is gold legal tender?
a legal medium of payment
Are us dollars legal tender in uae?
Technically, the U.S. dollar is not considered legal tender in the UAE. This is because the UAE has its own form of currency. For many years, however, the U.S. dollar has been used in the UAE on a regular basis. While some people convert U.S. dollars to UAE currency when visiting, others simply use the dollars as is. Since the U.S. dollar is accepted in Dubai, Abu Dhabi, and other parts of the UAE, it is unofficially considered legal tender.
Can a legally written check be refused by the person it is written to for a valid fee?
Yes. A check is not legal tender and so can be refused fo any reason, or no reason, as a form of payment.
