Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,739,839,905 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

specie
(redirected from Specie payment)

   Also found in: Legal, Wikipedia 0.02 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


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
? Mentioned in ? References in periodicals archive
 
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.
Specie payments, required by law until 1870, deposited hard money into an economy weakened by the Civil War, overshadowing much-vaunted cotton and cattle production as a financial restorative.
In the early days of the war, Austria-Hungary, France, Germany, and Russia all went off the gold standard as they suspended specie payments and instituted legal or de facto embargoes on the export of gold by private citizens.
 
Encyclopedia browser? ? Full browser
 
 
Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.