Some examples of word usage: legal tender
1. The currency issued by the government is considered legal tender for all transactions.
2. It is illegal for businesses to refuse legal tender as payment for goods or services.
3. The shopkeeper only accepted legal tender in the form of cash, not credit cards or checks.
4. In some countries, foreign currency is not considered legal tender and cannot be used for transactions.
5. The bank only exchanges legal tender for foreign currency at a specific rate.
6. The customer insisted on paying with legal tender, even though the store preferred electronic payments.
7. The vending machine only accepted legal tender in the form of coins, not bills.
8. The government passed a law making cryptocurrency legal tender for certain transactions.
9. The casino only accepts legal tender for gambling chips.
10. The court ruled that the debtor must repay the loan in legal tender, not in kind or services.