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What is illegal tender?

Updated: 4/29/2024
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Wiki User

15y ago

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The simple answer would be a forged bank note or coin.

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15y ago
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2d ago

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.

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