- published: 02 Dec 2013
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Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries.
For instance, if an individual owes someone US$100 in the United States, he or she can try to pay the debt in Mexican pesos or valuable jewelry or gold metal, or even a cheque or a charge card, but the creditor is not required to accept any of those as payment. The creditor must accept US $20 dollar bills, however, because that is legal tender in the United States. An individual can try to sell his or her pesos or gold to someone else in exchange for some US legal tender, and pay the debt with that money, but the creditor cannot force any specific person to satisfy a debt with pesos or gold. In Mexico, however, pesos are legal tender, and US dollars are not. So, by Mexican law, the creditor must accept pesos as payment, whereas the creditor can refuse US dollars or gold.
The origin of the term "legal tender" is from Middle English tendren, French tendre (verb form), meaning to offer. The Latin root is tendere (to stretch out), and the sense of tender as an offer is related to the etymology of the English word extend (to hold outward). The noun form of a tender as an offering is a back-formation of the noun from the verb.[citation needed]
The Scottish people (Scots Gaelic: Albannaich), or Scots, are a nation and ethnic group native to Scotland. Historically they emerged from an amalgamation of the Picts and Gaels, incorporating neighbouring Britons to the south as well as invading Germanic peoples such as the Anglo-Saxons and the Norse. Later the Normans also had some influence.
In modern use, "Scottish people" or "Scots" is used to refer to anyone whose linguistic, cultural, family ancestral or genetic origins are from within Scotland. The Latin word Scotti originally applied to a particular, 5th century, Goidelic tribe that inhabited Ireland. Though sometimes considered archaic or pejorative, the term Scotch has also been used for the Scottish people, though this usage is current primarily outside Scotland.
There are people of Scottish descent in many countries other than Scotland. Emigration, influenced by factors such as the Highland and Lowland Clearances, Scottish participation in the British Empire, and latterly industrial decline and unemployment, resulted in Scottish people being found throughout the world. Large populations of Scottish people settled the new-world lands of North and South America, Australia and New Zealand. There is a Scottish presence at a particularly high rate in Canada, which has the second largest population of descended Scots ancestry, after the United States. They took with them their Scottish languages and culture.
"The Man" is a slang phrase that may refer to the government or to some other authority in a position of power. In addition to this derogatory connotation, it may also serve as a term of respect and praise.
The phrase "the Man is keeping me down" is commonly used to describe oppression. The phrase "stick it to the Man" encourages resistance to authority, and essentially means "fight back" or "resist", either openly or via sabotage.
The earliest recorded use[citation needed] of the term "the Man" in the American sense dates back to a letter written by a young Alexander Hamilton in September 1772, when he was 15. In a letter to his father James Hamilton, published in the Royal Dutch-American Gazette, he described the response of the Dutch governor of St. Croix to a hurricane that raked that island on August 31, 1772. "Our General has issued several very salutary and humane regulations and both in his publick and private measures, has shewn himself the Man." [dubious – discuss] In the Southern U.S. states, the phrase came to be applied to any man or any group in a position of authority, or to authority in the abstract. From about the 1950s the phrase was also an underworld code word for police, the warden of a prison or other law enforcement or penal authorities.