Sign in Register. News Guardian. Recent queries. Send a query. Lucky dip. Any answers? Nooks and crannies. Semantic enigmas. The body beautiful. Red tape, white lies. Speculative science. This sceptred isle. Root of all evil. Ethical conundrums. This sporting life. Stage and screen. Birds and the bees. Many have argued with me about the difference between 'legal and 'accepted' tender. Are they right to do this? I think the real reason they refuse to accept it is that it is always falling to bits and looks like Monopoly money.
There are few things more annoying than getting the dreaded Scots fiver in your change Tom, Reading UK My understanding has always been that Scottish notes are not even legal tender in Scotland. According to the Bank of England website 'The concept of legal tender is often misunderstood.
Contrary to popular opinion, legal tender is not a means of payment that must be accepted by the parties to a transaction, but rather a legally defined means of payment that should not be refused by a creditor in satisfaction of a debt.
The current series of Bank of England notes are legal tender in England and Wales, although not in Scotland or Northern Ireland, where the only currency carrying legal tender status for unlimited amounts is the one and two pound coins. TroutWrestler Free Member. Cougar Full Member. LycraLout Free Member. LycraLout — Member. To be fair, some of them look like shit turner prize entries.
Yup, scottish notes are not legal tender. I dont think they are even legal tender in Scotland Posted 10 years ago. I dont think they are even legal tender in Scotland. Anyway argue the point and try and neck the pint in the meantime. CharlieMungus Free Member. WTF Free Member. Kit Full Member. Northwind Full Member. Not accepting one they just gave to you??
Elfinsafety Free Member. Disappointed of Edinburgh. I bet she was pissing herself when she told her mates about it. Macavity Free Member. The Association of Commercial Banknote Issuers states: "The term 'legal tender' has very little practical meaning as far as ordinary, everyday transactions are concerned, and it has no bearing on the acceptability of authorised banknotes as a means of payment …" Crucially, it adds: "The acceptability of any means of payment, including banknotes, is essentially a matter for agreement between the parties involved.
English shopkeepers who are unfamiliar with them may refuse to accept Scottish or Northern Irish notes. But are they right? The shortest of answers is yes, but no business is legally obliged to accept your money. In England, no business is legally forced to accept banknotes printed by the Scottish and Northern Irish banks.
Legal tender is a very narrow term and it refers to coins or banknotes that must be accepted if offered as payment most often as a way to pay a debt. What is and is not legal tender in England has long been a topic of debate.
What is considered legal tender varies throughout the United Kingdom. The seven Scottish and Northern Irish banks are authorized to issue banknotes. They make up the majority of banknotes used in these parts of the United Kingdom but they are not classified as legal tender in England or anywhere else in the U.
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