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Legal tender   /lˈigəl tˈɛndər/   Listen
Legal tender

noun
1.
Something that can be used as an official medium of payment.  Synonyms: stamp, tender.






WordNet 3.0 © 2010 Princeton University








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"Legal tender" Quotes from Famous Books



... and sold me to Jack Oats. They said I was 'good pluck.' Joe Nivers sold me to Jack Oats for $1,150.00 when I was four years old. My brother was name Milton Smith. I ain't seen him from that day till this. Joe Nivers kept him, I recken. I come here on a 'legal tender'—name of the boat I recken. I know that. I recken it was name of a boat. I got off and Thornton Walls, old colored man, toted me cross every mud hole we come to. He belong to Bud Walls' (white man at Holly Grove) daddy. ...
— Slave Narratives: A Folk History of Slavery in the United States - Volume II. Arkansas Narratives. Part I • Work Projects Administration

... in the colony before its emission, and its subsequent depreciation had induced the commissary ordonnateur to have recourse to an issue of ordonances, a kind of bills of credit, which although not a legal tender, from the want of a metallic currency, soon became an object of commerce. They were followed by treasury notes, which being receivable in the discharge of all claims of the treasury, soon got into circulation. This cumulation of public securities ...
— The American Quarterly Review, No. 17, March 1831 • Various

... of the public debt of the United States, by operating the mints to their fullest capacity in coining silver and gold, and the tendering of the same without discrimination to the public creditors," the issue of legal tender notes on a per capita basis and their substitution for bank notes, a national bureau of labor statistics, an interstate commerce law, and the abolition of the contract system of employing convicts. Provision was made for a committee of three ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck

... of the dangers to which we now are exposed through our present acts of coinage and legal tender, whereby our gold coin sooner or later must be driven from the country and our standard must become a silver dollar of light weight and uncertain value. He also shows conclusively the futility of legislation in causing two substances to become and ...
— The Bay State Monthly, Volume 3, No. 6 • Various

... expect to be considered educated or to be able to read with intelligence and appreciation the current writings of the day. To this class belong all those nursery rhymes, lyrics, classic myths, legends and so on to which allusion is constantly made and which are themselves the legal tender of polite and cultured conversation. Next, there are those selections whose power lies in the profound influence they exert upon the unfolding character of boy or girl. As a child readeth so is he. Masterpieces of this type abound in the books and it is by means of them that the author ...
— Journeys Through Bookland, Vol. 10 - The Guide • Charles Herbert Sylvester

... into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make any thing but gold and silver a legal tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts; or grant any title ...
— The Federalist Papers • Alexander Hamilton, John Jay, and James Madison

... government, hoping to check the heavy exportation of gold currency from the Philippines, passed a law prohibiting the importation of Mexican dollars, but allowed the Mexican dollars then in the islands to continue to circulate as legal tender. ...
— The Philippines: Past and Present (vol. 1 of 2) • Dean C. Worcester

... sound circulating medium. This duty has been, under existing circumstances, satisfactorily performed, in part at least, by authorizing the issue of United States notes, receivable for all government dues except customs, and made a legal tender for all debts, public and private, except interest on public debt. The object of the bill submitted to me—namely, that of providing a small note currency during the present suspension—can be ...
— The Papers And Writings Of Abraham Lincoln, Complete - Constitutional Edition • Abraham Lincoln

... Expect to see him again in Buffalo. Called upon T. D. and found 400 dollars in 5's, 10's with particulars as to their legal tender, etc., by Mr. Bliss. Then dined and afterwards called upon Robert Wood at Franklin Square; promised to see him on my return. Then proceeded to Dr. Griscome, 110 Henry St. but did not find him; mentioned that I purposed calling upon my return. Bought beautiful oranges at 1/2d., also a pine for 10d. ...
— A Journey to America in 1834 • Robert Heywood

... pay the public debt, to enforce its claims, and to offer protection to trade and industry. Not less significant to property-owners were the brief clauses in the new Constitution which sharply forbade States to emit bills of credit, to make anything but gold and silver legal tender in payment of debts, and to make laws impairing the obligation ...
— Union and Democracy • Allen Johnson

... distress from the lack of circulating medium, the payment of back taxes in certain specified articles other than money was authorized, and real and personal estate at appraised value was made legal tender in actions for debt and in satisfaction for executions. An act was also passed and others were promised reducing the justly complained of costs of legal processes, and the fee tables of attorneys, sheriffs, ...
— The Duke of Stockbridge • Edward Bellamy

... contract, or agreement with any other State, or with a foreign power; issue commissions to vessels authorizing them to capture and destroy the merchant ships of other nations; coin money; issue paper money; make any thing but gold and silver coin a legal tender for the payment of debts; pass any bill inflicting the penalty of death without a regular trial, or any law fixing a penalty for acts done before its adoption, or any law affecting the provisions of contracts made before its passage; or grant ...
— Elements of Civil Government • Alexander L. Peterman

... and foreign firms have hesitated to invest there. The economy remains heavily dependent on agriculture and government service, which together employ about half of the work force. Moreover, the small, vulnerable economy has suffered because the Turkish lira is legal tender. Economic growth sharply dropped during 1994 because of the severe economic crisis affecting the mainland, and inflation soared to 215%. To compensate for the economy's weakness, Turkey provides direct and indirect aid to nearly every sector; financial support ...
— The 1996 CIA Factbook • United States. Central Intelligence Agency.

... elsewhere like manna from the skies, if you were one of a chosen band. If you were, all you had to do was to look in your vest pockets when you took your clothes off in the evening and extract enough legal tender to pay your bill at the Pelican for a week. Mr. Lovejoy having been overheard one day to make a remark concerning the diet of hogs, the next morning certain visitors to the capital were horrified to discover trails of corn leading from the Pelican House to ...
— The Crossing • Winston Churchill

... wealthy Roman indulged himself in the cheap amusement of breaking and satisfying the law of the Twelve Tables. Veratius ran through the streets striking on the face the inoffensive passengers, and his attendant purse-bearer immediately silenced their clamors by the legal tender of twenty-five pieces of copper, about the value of one shilling. The equity of the praetors examined and estimated the distinct merits of each particular complaint. In the adjudication of civil damages ...
— The Great Events by Famous Historians, Volume 4 • Various

... dark face by his quaint comments. She was dreaming now of new books to place in his eager hands. Corn was ten cents a bushel, wheat twenty-five, and a cow was only worth six dollars. Whiskey, hams and tobacco were legal tender and used instead of money. She had ceased to dream of wealth in goods and chattels until conditions were changed. Her one aim in life was to train the minds of her children and to this joyous task she gave her soul and body. It was the ...
— The Southerner - A Romance of the Real Lincoln • Thomas Dixon

... south. Because it is recognized only by Turkey, it has had much difficulty arranging foreign financing, and foreign firms have hesitated to invest there. The economy remains heavily dependent on agriculture, which employs one-quarter of the work force. Moreover, because the Turkish lira is legal tender, the Turkish Cypriot economy has suffered the same high inflation as mainland Turkey. The small, vulnerable economy is estimated to have experienced a sharp drop in growth during 1994 because of the severe economic crisis affecting the mainland. To compensate ...
— The 1995 CIA World Factbook • United States Central Intelligence Agency

... given a permanent support to the finances of the Government. As it was it proved, at first, a successful step, and it was only by gradual stages and from unwise measures that it eventually failed. In April 1790, assignats were made legal tender; a few months later they ceased to bear interest,—in other words, though still bonds on their face they really became paper money. In September 1790, another 800 millions were issued, and in June another ...
— The French Revolution - A Short History • R. M. Johnston

... continued to be a candidate for the Presidency. He abandoned the Republican Party in 1868 and as Chief Justice he abandoned his own policy or the policy that he had adopted in regard to the legal tender currency. ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 2 • George S. Boutwell

... the inroads upon orthodoxy which we have been making during the last twenty-five years, what will it be fifty years from to-night? It will have to be remonetized by that time, or else it will not be legal tender. In my judgment, every religion that stands by appealing to miracles is dishonor. [sic] Every religion in the world has denounced every other religion as a fraud. That proves to me that they all tell the truth—about others. ...
— Lectures of Col. R. G. Ingersoll, Volume I • Robert Green Ingersoll

... same year for regulating colonial currency. With the rapid development of commerce in the eighteenth century, and on account of the steady flow of specie to London, the colonies had commonly resorted to the use of paper money as a legal tender in the payment of local debts. Such men as Franklin and Colden defended the practice on the ground of necessity, and it was undoubtedly true that without the issue of new bills of credit the colonies could not have given the military assistance required of them for the conquest of Canada. But ...
— Beginnings of the American People • Carl Lotus Becker

... held that the clause of the currency laws of 1862 and 1863 which made depreciated paper a legal tender for preexisting debts was unconstitutional. No sooner had the judgment been recorded than all the world perceived that, if both vacancies should be filled with men who would uphold the acts, Hepburn v. Griswold might be reversed ...
— The Theory of Social Revolutions • Brooks Adams

... the man who gave him the Columbian antique; but Lemuel believes there can be no future too warm for that skinny man who gave him the three pennies! He thinks the gentleman might at least have come across with a Subway ticket. It is all legal tender to him. ...
— How To Write Special Feature Articles • Willard Grosvenor Bleyer



Words linked to "Legal tender" :   stamp, monetary system, food stamp, tender, medium of exchange



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