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specie
(redirected from Specie payment)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
specie
1. coin money, as distinguished from bullion or paper money
2. in specie
a. (of money) in coin
b. Law in the actual form specified


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Central banks suspended specie payments and fired up the printing presses to finance the war effort.
Roots of economic crisis: to truly understand the economic crisis now ... by Scaliger, Charles / The New American
The states with banking institutions required banks to accept Confederate currency on deposit at par as a new condition for the suspension of specie payment.
The Emancipation Proclamation, Confederate expectations, and the ... by Kanago, Bryce / Southern Economic Journal
It did threaten, however, that any future suspension would in itself constitute a forfeiture of the charter--a threat that was not carried out when the bank suspended specie payment in 1839 (Harding 1895, 17).
Mutual deposit insurance: other lessons from the record by Hartley, James E. / Independent Review
 
 
 
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