Simple English definitions for legal terms
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LAWFUL MONEY: Lawful money is the type of money that the government says is okay to use to pay for things. It can be coins or paper bills that we use to buy things we need or want. It's different from other types of money that might be stored on a computer or traded like a commodity. Lawful money is what we use to pay our debts and buy things we need.
Lawful money refers to the currency that is authorized or adopted by a government as part of its official currency. It is the money that is recognized as legal tender for the payment of debts.
These examples illustrate how lawful money can take different forms, including physical currency and digital assets that can be easily converted to cash. They are recognized as legal tender and can be used to pay off debts and obligations.