Definition of SPECIE.


SPECIE.

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.




Source: Bouviers Law Dictionary 1856 Edition

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