What does legal tender mean?

Looking for the meaning or definition of the word legal tender? Here's what it means.

Noun (law) Any form of currency that by law cannot be refused as payment to extinguish a debt equal to the amount offered. Find more words! 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Its bank notes, which functioned much like today's paper currency, acted as legal tender in payment of U.S. debts. The greenbacks were legal tender notes issued at par with notes backed by specie. The gold coins were not legal tender in the United States, but the dimes were. Many Italians have opted not to use the euro until the end of February, when the lira will no longer be legal tender. The launch of the euro as legal tender marks the completion of monetary union. See Also What is another word for legal tender? What is the opposite of legal tender? Sentences with the word legal tender What is the plural of legal tender? Nearby Definitions legal studies legal-size legals legal recourse legal positivisms legal positivism legal tenders Legan Leganés Legans legantine Legare