Definition, Meaning & Synonyms
in-specie
Adverb
/ɪn ˈspɪʃi/
Definition
In-specie refers to the actual transfer of physical assets or property, rather than cash or other forms of payment.
Examples
- The shares were transferred in-specie to avoid capital gains tax.
- Instead of cash settlements, the clients opted for an in-specie distribution of their funds.
- He received the property in-specie rather than through a monetary transaction.
Meaning
The term is often used in financial and legal contexts to indicate that payment or delivery is made using the actual asset, such as stocks, bonds, or other tangible goods, rather than liquidating assets to receive cash.
Synonyms
- in kind
- in kind payment
- physical transfer
