SarahShe3 SarahShe3
  • 18-10-2018
  • History
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Money that a creditor must by law accept in payment for debts is called ___

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Priatouri Priatouri
  • 25-09-2019

Answer:

Legal Tender, is the right answer.

Explanation:

Legal tender is a means of payment approved by a legal order to be adequate for meeting a monetary commitment. Every authority concludes what is legal tender, but typically it is anything which when submitted (“tendered”) in retaliation of a debt extinguishes the obligation. There is no commitment on the lender to affirm the offered payment, but the mortgage is nonetheless discharged.

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