What does "in specie" mean?

Answer by  BlueButterfly (161)

The Latin phrase "in specie" refers to something in its actual or present form. An additional generally accepted definition would be: in like form. The phrase is usually used in business or legal dealings involving the transfer of assets.

Answer by  Jackie055 (44)

"In specie" is a Latin term. Used in a legal context it means "in its actual form". It can be used to mean that an asset will be distributed in its existing form, not changed to cash first.