Legal Tender 2020-06-04 08:00:00

Legal Tender

Legal tender is the national currency of a nation. It prohibits the use of any other currency. Legal tender must be accepted by creditors as payment for debt. Only government institutions such as the U.S. Treasury in the United States and the Royal Canadian Mint in Canada can issue legal tender. Specifically, in the United States, Federal Reserve notes and coins are legal tender and marked as such. Some currencies, such as the U.S. Dollar and Euro, can be used as legal tender in other countries.

 


Download our guide to real estate investing

Another Way To Own Investment Properties

Learn new ways to use real estate to pursue your wealth goals.

By providing your email and phone number, you are opting to receive communications from Realized. If you receive a text message and choose to stop receiving further messages, reply STOP to immediately unsubscribe. Msg & Data rates may apply. To manage receiving emails from Realized visit the Manage Preferences link in any email received.