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Definition 2024
in_specie
in specie
English
Adverb
- (obsolete) In respect to kind
- Although the power of a king is lesser in degree than an emperor, it is the similar in specie.
- (law, finance) In the actual form, especially in the context of a distribution of assets or a loan repayment.
- (law, finance) In coin or monetary metal, in contrast to fiat currency or other paper.
- 1749, Henry Fielding, The History of Tom Jones, a Foundling, Book V, chapter vii
- "The estate of £500 a-year I have given to you, Mr Jones: and as I know the inconvenience which attends the want of ready money, I have added £1000 in specie."
- 1749, Henry Fielding, The History of Tom Jones, a Foundling, Book V, chapter vii