lawful money

noun

1
a
: any money whether coin or currency that may by the laws of a country be circulated as a medium of exchange compare legal tender
b
: any money recognized in a community as a medium of exchange
2
: money (such as bank reserves) designated as acceptable for a particular purpose

Word History

Etymology

Middle English laweful moneye, from laweful + moneye money

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Cite this Entry

“Lawful money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lawful%20money. Accessed 29 Nov. 2024.

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