The Tender For Law

Volume 3

Jul 24, 2013 1:10 AM

Icbeonne Senama

I am posting this because I noticed that on the South African Rand there is no "this note is legal tender" and also interesting is how the wording on the notes changed in 1928 here in Thailand... http://en.wikipedia.org/wiki/Legal_tender So why is it that only the countries listed here on the wiki the one who have "legal tender"?

Legal tender - Wikipedia, the free encyclopedia

en.wikipedia.org

Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency and coins are common forms of legal tender in many countries. The origin of the term "legal tender" is from Middle English tendren, French tendre (verb...

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Icbeonne Senama

From the wiki: "Formally, it is anything which when offered in payment extinguishes the debt."

Formally here means in the past. So what does it mean now? Derek Moran posted a while ago that he sent an e-mail asking about the TENDER to the BANK OF CANADA. Have they got back to you on that one Derek?