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legal tender

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cash

cash  

Reference type:
Overview Page
Literally, notes and coin; the word cash is used in economics mostly as a synonym for money in general. See also cash discount; cash flow; cash limits; cash ratio.
cheque

cheque  

Reference type:
Overview Page
(USA:A bill of exchange or a draft on a bank that is drawn against funds held at the institution to pay a specified sum to the recipient. A cheque ...
judgement currency clause

judgement currency clause  

Reference type:
Overview Page
Used in eurocredit and eurobond transactions to protect lenders against losses coming from the loan or security being denominated in one currency but where legal decisions may be made in ...
legal tender

legal tender   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

The means of payment for debts which must be accepted by law. In contracts, the question of legal tender can,

money supply

money supply  

Reference type:
Overview Page
The amount of money in an economy. This may be the country's own money, supplied by its banking system, or foreign money, used in preference to domestic money. There is no single accepted definition ...
unit of account

unit of account  

Reference type:
Overview Page
1 One of the functions of money (cf. accounts).2 A country's currency (cf. legal tender).3 A currency basket. See European Currency Unit; Special Drawing Rights.

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