What is the meaning of in specie?
The phrase in specie describes the transfer of an asset in its current form rather than in the equivalent amount of cash. In specie distributions are usually made when cash isn’t readily available or when it’s simply more practical to hand over the asset rather than cash.
What is an example of specie in economics?
Specie is metallic money in all of its forms, gold or silver traditionally, but including nickel and copper as well. Specie is distinguished from other forms of money such as paper money or credit instruments like checks, money order, credit cards and the like.
What does specie distribution mean?
In Specie Distribution means the distribution of an asset in its actual form, rather than first being transferred into cash or another form (for example, a share distributed “in specie” would be transferred to you rather than sold and the cash proceeds paid to you);
What is an in specie dividend?
Where a dividend is declared in cash, but satisfied by a transfer of assets, it is called ‘dividend in specie’.
What is specie point in economics?
noun. finance. either of two exchange rates (the gold export point and the gold import point) at which it is as cheap to settle international accounts by exporting or importing gold bullion as by selling or buying bills of exchange. Also called: specie point.
What is specie movement?
Transferring an asset ‘in specie’ means to transfer the ownership of that asset from one person/company/entity to another person/company/entity in its current form, that is without the need to convert the asset to cash. In specie transfers involve a transfer of assets between two pension schemes.
What is a example of a species?
The definition of a species is a group of animals, plants or other living things that all share common characteristics and that are all classified as alike in some manner. An example of a species is all human beings.
How are species distributed globally?
How are species distributed globally, and what processes are responsible for these patterns? Species are distributed into biomes by global climate patterns and into communities whose composition changes regularly as species interact.
What is in specie transfer of shares?
An in specie transfer is the transfer of assets such as listed securities between two entities. This is an alternative to selling down assets and transferring the proceeds as cash.
What are in specie contributions?
In specie contributions are superannuation contributions that are made using assets other than cash. An in specie contribution can include shares, managed funds and real estate. An in specie contribution can be accepted by a superannuation fund if it is permitted within the superannuation fund’s trust deed.
What does specie mean in history?
Specie Circular, (July 11, 1836), in U.S. history, an executive order issued by President Andrew Jackson requiring that payment for the purchase of public lands be made exclusively in gold or silver.
What is the meaning of species in biology?
A biological species is a group of organisms that can reproduce with one another in nature and produce fertile offspring.