legal tender

noun

: money that is legally valid for the payment of debts and that must be accepted for that purpose when offered

Examples of legal tender in a Sentence

Soon after France adopted the euro, the French franc ceased to be legal tender. coins and bills are considered legal tender, but postage stamps are not

Recent Examples on the Web

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

Consider the most recent developments: President Nayib Bukele’s El Salvador, the first nation to adopt Bitcoin as legal tender in 2021, has reported more than $333 million in Bitcoin profits. —

Frank Holmes, Forbes, 9 Dec. 2024 World & Nation How a California surfer helped bring bitcoin to El Salvador June 22, 2021 There were street protests when the Congress made bitcoin legal tender in June 2021, though that move was not the only motivation for the protesters. —

Marcos Alemán, Los Angeles Times, 5 Dec. 2024 The slow but steady march of crypto products into mainstream financial systems — El Salvador adopted Bitcoin as legal tender in 2021 — has piqued broader interest in the subject. —

Cynthia Littleton, Variety, 19 Oct. 2024 Countries like El Salvador and regions with economic instability increasingly turn to bitcoin as legal tender or reserve asset. —

Susie Violet Ward, Forbes, 6 Oct. 2024 See all Example Sentences for legal tender