Legal tender in the form of banknotes and coins that are readily acceptable for the settlement of debts.
Currency refers to various forms of money that are in circulation within an economy, serving as a medium of exchange for goods and services.
Currency in circulation refers to the paper money and coins that are circulating within an economy and are counted as part of the total money supply, which also includes demand deposits in banks.
Lawful money refers to physical currency that a government has declared to be legally acceptable for financial transactions within its jurisdiction. This includes banknotes and coins that are officially recognized as a medium of exchange.
Legal tender refers to the money that must be accepted in discharge of a debt. It can be limited or unlimited depending on the specified limits of payment.
Minting of money refers to the production, usually by the government, of currency, particularly coins.
Token money refers to currency in the form of tokens like coins or paper bills that have little intrinsic value but are used as legal tender based on a society's regulatory framework.
