'What's legal tender?' discussion

MoneySavingExpert.com has just posted the following message with the title 'What's legal tender?' discussion.

*True or False? Scottish notes aren't legal tender even in Scotland!* *Legal Tender - Facts & Fiction* From the end of next month the old style Edward Elgar £20 note will be withdrawn from circulation, meaning you can't use it, CHECK though as you can trade it in a bank. Yet what is, and isn't, acceptable is oft shrouded in mist - mainly because the term legal tender is pretty spectacularly misunderstood. * *Are Scottish bank notes legal tender?* No, not even in Scotland, but that doesn't mean they shouldn't be used. It simply means most people don't understand what legal tender is (see below). Bank of England notes are only legal tender in England and Wales, meaning there are no legal tender notes in Scotland at all. * *What is legal tender? *It simply means if you have a court order against you for money, the person you owe cannot turn down your settlement if you offer to pay by legal tender.

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