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a legal medium of payment
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Legal tender money?
Legal tender money is currency recognized by a government as valid for settling financial obligations, like taxes, debts, or purchases. It must be accepted for payment within the jurisdiction that issued it. Examples include banknotes and coins issued by a government's central bank.
Is it legal tender if a coin is stamped copy?
No. There are examples of obsolete coins (such as coins of the Confederate States of America) that are made as souvenirs. They are NOT the coinage of a nation, and are not 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.
Are Euroes legal in Canada?
{| |- | The legal tender in Canada is the Canadian Dollar. The Euro is the currency used by members of the European Community. Banks will convert the currency from one to another. |}
When did farthings cease to be legal tender?
Farthings ceased to be legal tender in the United Kingdom on December 31, 1960. The Farthing, which was worth one-quarter of a penny, was gradually phased out due to inflation and the decreasing purchasing power of the coin. The last minting of the farthing was in 1956, and it was demonetized on the last day of 1960.
Is Gold or Silver legal tender?
Gold and silver are not typically considered legal tender in most modern economies. However, there are some countries where gold and silver coins are recognized as legal tender and can be used to make purchases. In the United States, the Coinage Act of 1965 states that gold and silver coins are legal tender for their face value, but their intrinsic value as precious metals far exceeds their nominal value.
Are gold plated quarters legal tender?
If they're genuine U.S. quarters, then yes, they're legal tender at face value.
How do you use tender in a sentence?
A baby's skin is soft and tender. <><><> Tender can be a verb "I tender my resignation." It can be an adjective "This is a tender steak" It can be a noun "These gold coins are legal tender." or "he served on a ship in the Navy- a submarine tender."
Is the dollar considered legal tender?
The Australian Dollar is Legal Tender in Australia. The Bahamian Dollar is Legal Tender in the Bahamas. The Barbados Dollar is Legal Tender in Barbados. The Bermuda Dollar is Legal Tender in Bermuda. The Canadian Dollar is Legal Tender in Canada. The Fiji Dollar is Legal Tender in Fiji. The Hong Kong Dollar is Legal Tender in Hong Kong. The Jamaican Dollar is Legal Tender in Jamaica. The New Zealand Dollar is Legal Tender in New Zealand. The Singapore Dollar is Legal Tender in Singapore. The US Dollar is Legal Tender in the USA.
Are pennies legal tender?
Yes penny's are legal tender.
Who use legal tender?
Legal tender is everyday money.
How do you spend gold coins?
Gold coins are not legal tender (at least in the USA). You could first sell them or trade them which could serve the same purpose.
Are Scottish bank notes legal tender?
NO they are not legal tender in Scotland or anywhere else so no to England as well. In fact Scotland has no such thing as legal tender, however Bank of England notes are legal tender in England only
What is the name of a former US gold coin worth 10 dollars?
The Eagle was a $10 gold coin used as legal tender in the United States before 1933.
Are superseded US dollar notes still legal tender?
Older U.S. currency is still legal tender at face value, but may be worth more to collectors. Note: silver certificates are no longer redeemable for silver (likewise with gold certificates).
Is One Million Dollars USD Note year 1988 a legal tender?
it is not legal tender
Are postage stamps legal tender in the uk?
No - only coins and notes of the realm are legal tender.
