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Definitions from the Web

In specie

Definition: The term "in specie" refers to the payment or transfer of an asset or security in its exact form rather than its cash equivalent.

Sample sentences:

1. He decided to transfer the shares in specie rather than selling them for cash.
2. The inheritance he received was in specie which included a valuable piece of artwork.
3. In specie contribution of real estate can be a preferred method for some investors.
4. When settling the debt, he suggested repayment in specie by returning the borrowed vehicle instead of paying in cash.

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