legaltender
nounUK /ˌliːɡl ˈtendə/
US /ˌliːɡl ˈtendər/
Money that the law says people must accept when someone pays them.
The shop had to take the legal tender even though the customer paid with a big note.
OTHER MEANINGS
2. Coins and notes that a country officially uses as money.
Each country prints its own legal tender.
3. Anything a court accepts as a way to settle a debt.
The judge explained that only legal tender could clear the debt.
4. Money that cannot be refused by a seller.
Some small shops still refuse large notes, even though they are legal tender.