In Specie
/ɪn ˈspɛsiˌi/
Definitions
- (adv.) In the actual or precise species or form; in kind or in the exact thing rather than in an equivalent or substitute.
The creditor demanded payment in specie rather than in banknotes.
Related terms
See also
Commentary
Used primarily to contrast payment or restitution made in the exact thing rather than its monetary equivalent; common in contexts involving tangible assets or specific items.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.