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.]

---

词条贡献者

译者崇载，国际名校知识产权法专业，擅长翻译各种与知识产权相关的法律文件。