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lawful money

From Wiktionary, the free dictionary

English

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Noun

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lawful money (countable and uncountable, plural lawful moneys)

  1. (banking, finance) Any type of money that is permitted to be circulated as a medium of exchange as directed by the laws of a nation.
  2. (banking, finance) Any type of money which is recognized in a community as a legal medium of exchange.
    Synonym: current money
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