lawful money
"Lawful money" refers to money that is legally authorized for transactions and recognized by a government.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
B2Finance
(technical)Money that is legally authorized by a government for use in transactions.
Example
- The shop only accepts lawful money for all purchases.
- Lawful money includes both coins and paper currency issued by the central bank.
C1Banking
(technical)Currency recognized by a government as legal tender for settling debts.
Example
- Banks are required to accept lawful money for deposits and withdrawals.
- Lawful money must meet specific legal standards to be considered valid.
Similar
Terms that have similar or relatively close meanings to "lawful money":