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Is the 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.
Any kind of money that a creditor must by law accept in payment of debts?
legal tender
Money that a creditor must accept by law is called what?
legal tender.
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
Is the 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.
Any kind of money that a creditor must by law accept in payment of debts?
legal tender
Money that a creditor must accept by law is called what?
legal tender.
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
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.
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 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 is a back payment?
A back payment is an overdue payment from a debtor to a creditor on money owed.
Make a simple sentence using the word creditor?
I owned a creditor.The creditor called me. A company you owe money to is called a creditor.
If someone works and doesn't accept payment what are they called?
people who work, without wanting money, are called volunteers.
