medium of exchange

medium of exchange. Anything generally accepted as payment in a transaction and recognized as a standard of value (money is a medium of exchange). Cf. EXCHANGE(2); CURRENCY; LEGAL TENDER. [Cases: Payment 9–12. C.J.S. Payment §§ 10–13, 26.]

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词条贡献者

资深译员Tommy，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关基础设施/交通运输领域的法律文件。