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Is the money that a creditor must by law accept in payment of debts?

Legal Tender.


Any kind of money that a creditor must by law accept in payment of debts?

legal tender


Money that a creditor must by law accept in payment for debuts is called?

Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency that is recognized by law as an acceptable form of payment for settling debts and obligations. In many countries, this typically includes banknotes and coins issued by the government. Creditors are required to accept legal tender to fulfill their payment obligations, although they may also agree to accept other forms of payment voluntarily.


What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?

Legal Tender


What term describes any kind of money a creditor must accept by law for payment of a monetary debt?

A judgment is a court order issued by the court stating that the creditor has won the lawsuit and is entitled to a certain amount of money.


What describes any kind of money a creditor must accept by law in payment of a monetary debt?

Legal Tender


What is limited legal tender money?

Legal Tender is a forced tender payment that should be not refused in settlement of a debt. http://en.wikipedia.org/wiki/Legal_tender


What kind of money a creditor must accept by law in payment of a monetary debt?

A creditor is supposed to accept all legal tender in payment of a debt. There are numerous stories around of people who have, for one sort of frustration or another, paid large debts with small change, such as pennies or dimes.


What do you call any kind of money that a creditor must by law accept in payment of debts?

Legal tender. In plain English, it's the currency that is in use in a particular country. US dollars in America, Sterling in the UK and Euros in much of Europe for example.A creditor is normally free to accept other forms of payment if he chooses to. The creditor may decide to accept a foreign currency rather than wait for the payment in the legal tender of the country. The creditor is normally not obliged to accept anything other than legal tender.


How to file for your children?

First you must go to the government so that they will give you a slip. But you must be a American. And you must pay amount of money. After that you must send it back to them and they will accept or not accept.


What quest will get you the most money on Adventure Quest?

The quest called Purchase Sword of Nulgath. The reward is 200,000 gold, and you must be level 30 to accept the quest.


Can you pay your rent with a postal money order made out to you?

No: the money order must be made out to the Landlord unless he agrees to accept it after you endorse it.