specie

(redirected from in specie)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Wikipedia.

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
References in periodicals archive ?
On August 1, 1875, one paper sol was worth one sol in specie.
Novogen said it expects to provide shareholders with full details of the merger proposal and in specie distribution within the next three weeks.
Effectively, the In Specie Dividend gives each shareholder a beneficial interest in shares in the entity, Virgin Australia International Holdings Pty Ltd (VAIH) and these shares will be administered by The Trust Company.
For more details, please see our note from 10 Nov: Integra: Will Dividends in Specie Bring Value to Integra's Shareholders?
Indeed, the modern practice of "clearing" checks daily, with net dues settled by transfer of base money, usually on a central bank's books, grew out of the pre-central-banking practice of regular note exchange, with banks returning rivals' notes directly to them or to central clearinghouses and settling accounts in specie.
I have been told that most of these investments can be transferred on an in specie basis, but a few can't.