Demonetised Wiki - What is the demonetised?
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal tender is variously defined in different jurisdictions. Formally, it is anything which when offered in payment extinguishes the debt. Thus, personal cheques, credit cards, and similar non-cash methods of payment are not usually legal tender. The law does not relieve the debt obligation until payment is tendered. Coins and banknotes are usually defined as legal tender. Some jurisdictions may forbid or restrict payment made other than by legal tender. For example, such a law might outlaw the use of foreign coins and bank notes or require a license to perform financial transactions in a foreign currency. Generally, designation of a particular form of money as legal tender means "that the designated money is valid payment for all debts unless there is a specific agreement to the contrary". In some jurisdictions legal tender can be refused as payment if no debt exists prior to the time of payment (where the obligation to pay may arise at the same time as the offer of payment). For example, vending machines and transport staff do not have to accept the largest denomination of banknote. Shopkeepers may reject large banknotes: this is covered by the legal concept known as invitation to treat. Under the law, United States money as identified above is a valid and legal offer of payment for antecedent debts when tendered to a creditor. By contrast, federal statutes do not require that someone who is not a pre-existing creditor must accept currency or coins as payment for goods or services. Private businesses may formulate their own policies on whether to accept cash unless state law requires otherwise.The right, in many jurisdictions, of a trader to refuse to do business with any person, means a purchaser may not insist on making a purchase and so declaring a legal tender in law, as anything other than an offered payment for debts already incurred would not be effective..
What does the word demonetised mean? Find synonyms, antonyms and the meaning of the word demonetised in our free online dictionary! Find words starting with demonetised and anagrams of demonetised.
Definitions of "demonetised"
- Simple past tense and past participle of demonetise. verb
The word "demonetised" in example sentences
Since then the cheque, a good washable pink, em-bossed D you D No 11 hundred and thirty 2, good for the figure and face, had been circulating in the country for over thirtynine years among holders of Pango stock, a rival concern, though not one demonetised farthing had ever spun or fluctuated across the counter in the semblance of hard coin or liquid cash.. [Finnegans Wake]
Metal must be demonetised and reduced to the ranks.. [British Socialism An Examination of Its Doctrines, Policy, Aims and Practical Proposals]
If the demonetised gold is withdrawn -- well, we can have a new currency by nationalising the railways and paying the shareholders 'in current coin'"(which means in unconvertible notes)," not in redeemable, interest-bearing bonds.. [British Socialism An Examination of Its Doctrines, Policy, Aims and Practical Proposals]
A turn of a phrase suggested, and an answer confirmed the idea that gold and silver were both demonetised, that stamped gold which had begun its reign amidst the merchants of Phoenicia was at last dethroned.. [When the Sleeper Wakes]
Boulevards in order to visit some pestilential Café de la Mort where he will see crude horrors contrived by looking-glasses, drink bad beer out of _papier-maché_ skulls, and receive, in change for his money, base or demonetised coin from waiters dressed as undertakers.. [Our Stage and Its Critics By "E.F.S." of "The Westminster Gazette"]
Many new words are coined, but old ones are rarely demonetised; they remain in circulation, defaced and worn, till the precise image and superscription are barely recognizable.. [Our Stage and Its Critics By "E.F.S." of "The Westminster Gazette"]
Brieux and Paul Hervieux are flogging some of the laws of France, and the German stage has seen a good many pieces which before the word became demonetised one would have called Problem plays.. [Our Stage and Its Critics By "E.F.S." of "The Westminster Gazette"]
"This is a quick means to inject cash into the already demonetised economy and help the affected people quickly start rebuilding their lives," the country director said.. [dailyindia.com News Feed]
"It is important to note that the SARB has not demonetised any of the currencies.. [ANC Daily News Briefing]
Q, who is evidently dead, meant to visualise that fact, meant, so to speak, to deatomise the idea that he was demonetised, and that he wanted two sovereigns to-night. ". [Nonsense Novels]
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