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Legal tender

From The Great War 1914-1918

Legal tender: A term applied to the status of various kinds of coinage. When paying debts in peace time, gold and Bank of England notes are legal tender for every purpose and cannot be refused by creditors, except that no one can be compelled to give change. Silver in peace times is not a legal tender for sums over £2, nor is bronze for sums over 1s (one shilling). On the proclamation of war the Government issued paper money which was made legal tender by Act of Parliament, and at the same time Postal Orders were made legal tender.[1]

References / notes

  1. Various contributors (1914). The War Book-of-Facts. 2nd Edition. A.W. Shaw Company, London p.143.

Glossary of words and phrases

The above term is listed in our glossary of words and phrases of the Armed Forces of Great Britain during the Great War. Included are trench slang, service terms, expressions in everyday use, nicknames, the titles and origins of British and Commonwealth Regiments, and warfare in general. These words and phrases are contemporary to the war, which is reflected in the language used. They have been transcribed from three primary sources (see Contents). Feel free to expand upon and improve this content.
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