in specie
The phrase "in specie" is derived from Latin, meaning "in the same form," and is commonly used in legal and financial contexts to denote the transfer of assets in their original form rather than as cash equivalents.
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Definition
C1Law
(technical)The fulfillment of an obligation by delivering the exact item or service specified, rather than a substitute.
Example
- The court ordered the return of the property in specie.
C1Finance
(technical)The distribution or transfer of an asset in its original form, rather than converting it to cash.
Example
- The company issued dividends in specie, distributing shares instead of cash.
Similar
Terms that have similar or relatively close meanings to "in specie":