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Legal Forums arrow Legal Dictionary

SPECIE.

Legal Term: SPECIE.
Definition: Metallic money issued by public authority.

2. This term is used in contradistinction to paper money, which in some countries is emitted by the government, and is a mere engagement which repre-sents specie. Bank paper in the United States is also called paper money. Specie is the only constitutional money in this country. See 4 Monr. 483.



***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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