Reading Time: 7 minutes A Legal Tender is a medium of payment that is recognised by law as being valid for the settlement of debts. In most cases, it…
Reading Time: 5 minutes When you see the phrase “this note is legal tender for all debts” on a piece of paper money, what does it mean? Simply put,…
Reading Time: 4 minutes What is legal tender? Legal tender is a term used to describe a specific type of currency that is recognized as valid for the settlement…