Cash is said to be legal tender because it can be offered and accepted for payment of goods and services. This means that the person who accepts cash in a transaction cannot refuse it as payment, as long as the amount is sufficient to cover the cost of the goods or services. Legal tender is recognized by law as a means of payment and is widely accepted in transactions. Unlike money orders or bank drafts, cash is physical currency that can be carried around and used immediately. Its portability makes it a convenient means of payment in many situations.