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What is limited legal tender money?

Updated: 10/5/2023
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Zscomujtaba

Lvl 1
12y ago

Best Answer

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

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Wiki User

15y ago
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Wiki User

16y ago

Legal tender is any kind of money that a creditor must by law accept in payment for debts.

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Wiki User

12y ago

a creditor can accept in settlement of calims up to certain limit only

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Q: What is limited legal tender money?
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Related questions

Who use legal tender?

Legal tender is everyday money.


Legal tender money?

LEGAL TENDER MONEY: A legal medium of payment.


What is legal tender money?

a legal medium of payment


Can US money be used in Australia?

No. Only Australian currency is legal tender in Australia.


What is the legal tender of south Australia?

Money


Is Monopoly money legal currency?

No. Monopoly money is only legal tender in the Monopoly game.


Is new zealand money legal tender in Australia?

No. Most countries accept as Legal Tender only their own currency.


What is the difference between Fiat money and legal tender?

Fiat money is the money with no intrinsic value and its value is guaranteed by the monetary authority. Thus, Fiat money is with legal tender. People is bound to accept it.


Another name for money?

greenbacks, money, curreny, monetary, percuniary


Is it legal to photo copy paper money with the statement legal tender on it?

No sir do not do that it can land you in jail


Money that a creditor must accept by law is called what?

legal 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.