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Legal Tender: A Definition
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31 USC § 5103. Legal Tender

United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

However, there is no Federal statute which mandates that private businesses must accept cash as a form of payment. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.

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blank blank blank Related Topics:
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African Americans on Currency
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Autos on the Back of $10 Notes
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Bureau History
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Counterfeiting Laws
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Defacement of Currency
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Facts About $1 Notes
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Facts About $100 Notes
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Facts About $2 Notes
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Facts About Dollar Bills
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Facts About Founding Fathers on Federal Reserve Notes
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Fun Facts
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In God We Trust
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Ink Used to Print Currency
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Intaglio Printing
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Legal Tender: A Definition
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Origin of the $ Sign
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Other Facts About Portraits
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Riegle Improvement Act
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Reproduction of Currency
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Selection of Portraits and Designs Appearing on Paper Currency
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Series Year and Federal Reserve Bank Indicators
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The Great Seal of the United States on Paper Currency
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The Production Process
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Vignette on the Reverse of the $5 Note
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Web Press
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