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Simple English definitions for legal terms

legal tender

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A quick definition of legal tender:

Legal Tender: Money that the government makes and says is okay to use to pay for things. This includes coins and paper money, but businesses don't have to accept it if they don't want to. Legal tender can only be used to pay off debts, and it doesn't include things like checks or credit cards. When you offer legal tender to pay a debt, the person you owe doesn't have to take it, but the debt is considered paid if you offer it.

A more thorough explanation:

Legal Tender refers to the coins and currency issued by the government that can be used to pay off debts. This includes U.S. cash dollars, Federal Reserve notes, and notes from Federal Reserve Banks and national banking associations. However, businesses are not required by law to accept cash as a form of payment for goods or services.

Legal Tender can only be used to pay off debts and is determined by each jurisdiction. For example, in the United States, personal checks, credit cards, and other non-cash payments are not considered legal tender. However, in some instances, foreign currency may be accepted as legal tender.

When a payment is tendered, it means that it is offered as a form of payment. The original creditor who is owed money is not obligated to accept the tendered payment, but the act of tendering the payment absolves the debt.

For example, if someone owes $100 to a creditor and offers to pay with legal tender, such as cash or a Federal Reserve note, the creditor may choose to accept or reject the payment. However, if the creditor accepts the payment, the debt is considered paid in full.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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