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

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。