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  1. Oxford Legal Research Library: The Legal Concept of Money

  2. Money and the Rule of Law | Fifteen Eighty Four | Cambridge …

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    Despite its frequency in English, money in law is difficult to define: it can encompass almost every common meaning or it may equate to none. While the physicality of money is a common cultural perception, expressed linguistically and visually, this is not necessarily the case in law, even in the realms of theft.
    “Lawful money” includes the classes of money that are declared by the law of the United States to be “legal tender.” Federal Reserve notes are “legal tender” as a matter of law.4
    It is created by a consistent accord of rules, instruments and institutions. As economies develop, what this accord entails changes. But at the most fundamental level there must be a harmony of law, money and freedom. This is because the rule of law guarantees the freedom of the individual by defining the scope and boundaries of his or her action.
    (Kline, 2003, p. 259) Such a fiction is not so far from the legal reality. Despite its frequency in English, money in law is difficult to define: it can encompass almost every common meaning or it may equate to none.
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