Reading Time: 6 minutes What is Legal Tender Money? Legal tender money is a type of currency that is officially recognized by a government as being valid for the…
Reading Time: 6 minutes The United States Constitution, as amended, guarantees that “…[a]ll coins and currencies of the United States [shall be] legal tender for all debts, public and…
Reading Time: 6 minutes What is lawful money? The term lawful money is not defined in the United States Code, but it is commonly understood to mean money that…