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Are Credit Cards Legal Tender
Are Credit Cards Legal Tender -
Legal Tender Lawmakers who ve sponsored bills that would require retailers to accept cash say they were surprised to learn there isn t a federal requirement I never knew that this had to be done at the state
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
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8 Types Of Credit Cards Which One You Should Choose
8 Types Of Credit Cards Which One You Should Choose
Legal tender includes not just cash but also certain types of notes issued by the Federal Reserve and national banks However it does not include personal checks credit cards or
Is it legal for a business in the United States to refuse cash as a form of payment What is the role of the Federal Reserve with respect to banknotes and coins Is U S currency
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Best Secured Credit Cards Of March 2021
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Legal tender generally does not include personal checks credit cards or other general forms of noncash payments In some instances foreign currency may be accepted as legal tender
Claim All businesses in the U S are required to accept coins and or currency as payment
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https://en.wikipedia.org/wiki/Legal_tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
https://www.bankofengland.co.uk/explai…
For example 1p and 2p coins only count as legal tender for any amount up to 20p Many common and safe payment methods such as cheques debit cards and contactless aren t legal tender But again it makes no difference in
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt Each jurisdiction determines what is legal tender but essentially it is anything which when offered tendered in payment of a debt extinguishes the debt There is no obligation on the creditor to accept the tendered payment but the act of tendering the payment in legal
For example 1p and 2p coins only count as legal tender for any amount up to 20p Many common and safe payment methods such as cheques debit cards and contactless aren t legal tender But again it makes no difference in
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