Financial Technology & Automated Investing, Real-World Example of an In-Specie Transfer. The phrase in specie describes the transfer of an asset in its current form rather than in the equivalent amount of cash. However, it remains unclear how species that differ in leaf habits and growth forms are integrated within the plant economics spectrum in subtropical forests. Specie is a competitive line of business, but it requires expertise in underwriting and claim handling. In specie transactions may involve either physical assets or financial assets. In specie is the delivery of a financial asset in its current form rather than in an equivalent amount of cash. ‘the Bank of England in 1795 had held around £8 million in specie’. Except for a few periods of suspension (1814–15, 1836–42, and 1857), Americans were able to redeem paper money for specie from the time of the ratification of the Constitution (1789) to the onset of the Civil War (1861). In prac-tice, however, as we have just seen, we do not adhere to it. The main difference between species and genus is the taxonomic rankings that are used for biological classifications of organisms. Wiley (in 1978)had provided a revised definition of the evolutionary species concept. "Specie The concept of “specie” was central to the economic theory of mercantilism in Europe during the 16th through the 18th centuries. specie synonyms, specie pronunciation, specie translation, English dictionary definition of specie. Even if benefits … Specie is metallic money in all of its forms, gold or silver traditionally, but including nickel and copper as well. (noun) Dictionary ! The plant economics spectrum that integrates the combination of leaf and wood syndromes provides a useful framework for the examination of species strategies at the whole-plant level. In theory this is the system on which we have organized our national banks. 3. The Oxford Pocket Dictionary of Current English, Encyclopedia of the American Revolution: Library of Military History, indifferent species A species with no real affinity for any particular community, but which is not rare (as an accidental species would be). . The Oxford Pocket Dictionary of Current English.                         revised by Harold E. Selesky. 2. Define specie. Money in the form of coins rather than notes. ADVERTISEMENTS: His emphasis on wealth as a subject-matter of economics … If an investor receives the cash proceeds, for however brief a time, capital gains taxes kick in. The economics spectrum is a pattern of correlations among plant functional traits that is strikingl… There also are tax benefits to some in specie transactions. Precious metals and coinage: Precious metals, such as silver, gold, platinum, and copper, have been used since ancient times as commodity money. • Even for the most expensive species protection efforts, willingness-to-pay far exceeds protection costs. Retrieved April 03, 2021 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/specie-0. 3. Specie definition: coin money, as distinguished from bullion or paper money | Meaning, pronunciation, translations and examples mass noun. 2021 . 2. Overpopulation Definition. Encyclopedia.com. Species definition is - kind, sort. The investor may decide to transfer the assets to another advisor or put the money into another investment, such as a trust or an individual retirement account (IRA). The term is normally applied to a country as a whole, although it is sometimes used in the context of a single product. Due to Hume (1777). 2. Investment income is money derived from interest payments, dividends, or capital gains realized on the sale of stock or other assets. Cantillon is credited with many contributions, including location theory, population theory, the price-specie flow mechanism, the circular-flow model, business cycle theory, methodological individualism and subjectivism, abstraction, the ceteris paribus assumption, closed- and open-economy models, as well as methodological innovations like the separation of positive and normative economics. Using nonmarket valuation techniques, economists have found that per household, annual willingness-to-pay to protect individual species ranges from $5 to $100 per species. Encyclopedia.com. Tax implications may influence the decision to use in specie. The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously-unbacked United States Notes and reversed inflationary government policies promoted directly after the American Civil War. Price definition A way of defining relative factor abundance from factor prices in autarky: ... Price-specie flow mechanism The adjustment mechanism of the gold standard. The flaws of the biological species concept had led the palaeontologists to formulate the evolutionary species concept. Money in the form of coins rather than notes. More example sentences. 2007, Díaz et al. Seigniorage is the difference in face value of money, such as a $0.25 quarter coin, and the cost to produce it. The nature of insuring specie risks means that, when claims occur, they typically are significant. Ancient coins were made of … It promoted the regulation of a nation’s economy by the government to enhance the state’s power at the expense of rival nations. A gain is an increase in the value of an asset or property. Specie payment synonyms, Specie payment pronunciation, Specie payment translation, English dictionary definition of Specie payment. Specie payment, the redemption of U.S. paper money by banks or the Treasury in metallic (usually gold) coin. Definition of specie. In a political context - In favor of large, intrusive government that violates or suppresses individual rights; characterized by a "law and order" approach; failing to support civil liberties and/or economic freedom in society; undemocratic In a non-political context - Bossy, controlling, domineering A distribution-in-kind, also referred to as a distribution in specie, is a payment made in the form of securities or other property rather than in cash. In an effort to curb excessive land speculation and to quash the enormous growth of paper money in Roger Wohlner is a financial advisor with 20 years of experience in the industry. Over the last few decades, the notion of an economics spectrum has been proposed for elucidating the fundamental trade-offs between functional strategies among vascular plants (Bloom et al. Law As specified. 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. In general, communities only use a single measure of value, which can be identified in the prices of goods listed for sale. Individual investors generally hold their securities in brokerage accounts or with financial advisors. 2002, Violle et al. Getting rid of an asset or security through a direct sale or some other method is known as a disposition. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. Encyclopedia of the American Revolution: Library of Military History. (April 3, 2021). SEE ALSO Continental Currency; Money of the Eighteenth Century. For example, a company may distribute shares of stock to investors as a dividend when cash is in short supply. Overpopulation results from an increased birth rate, decreased death rate, the immigration to a new ecological niche with fewer predators, or the sudden decline in available resources. (April 3, 2021). We have published values for eight different marine species using a multi-species valuation framework and are currently estimating values for an additional eight species. Coined money; coin. n. money in the form of coins rather than notes.PHRASES: in specie1. ‘The greenbacks were legal tender notes issued at par with notes backed by specie.’. Law. Therefore, that information is unavailable for most Encyclopedia.com content. n. Coined money; coin. in coin.2. in specie. Idiom: in specie 1. Genus belongs to a ranking lower than family and above species, whereas species are organisms with similar characteristics that come below the Genus classification ranking. n. money in the form of coins rather than notes. ‘the Bank of England in 1795 had held around £8 million in specie’. The latter is an in specie transfer. in the identical shape, form, etc., as specified. 2016). The in specie option avoids triggering tax consequences. Carryover basis is a method for determining the tax basis of an asset when it is transferred from one individual to another. Retrieved April 03, 2021 from Encyclopedia.com: https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/specie. The definition of money says it is money only in "in a particular country or socio-economic context". The country is thus a price taker in world markets. Pick a style below, and copy the text for your bibliography. For example, an investor who owns 100 shares might receive 0.5, or 50 shares. See all examples of specie. Law in the real, precise, or actual form specified: the plaintiff could not be sure of recovering his goods in specie. 1. The Oxford Pocket Dictionary of Current English. ." The investor can either liquidate the assets in order to realize the cash or simply transfer the assets to another account. In specie is a Latin phrase and can be translated as "in its actual form.". Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame when in a static, repetitive, or unchanging environment. He stated that “an evolutionary species are a single lineage of ancestral-descendant p… https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/specie-0, "Specie SPECIE. "specie (Entry 1 of 2) : money in coin. The term "specie" is used to denote metal coin, or "hard money," as opposed to paper money. A fiduciary is a person or organization that acts on behalf of a person or persons, and is legally bound to act solely in their best interests. Encyclopedia of the American Revolution: Library of Military History. What does specie mean? Small open economy An economy that is small enough compared to world markets that (as a good approximation) its policies do not alter world prices or incomes. ." ." Economic values for protected species can be used to assess the benefits obtained from conservation and recovery efforts and provide a useful benchmark for valuing protected species research and recovery efforts. ." In a similar manner; in kind: repaid the offense in specie. It has been frequently said in recent years He is a member of Investopedia's Financial Review Board. How to use species in a sentence. deserts or ephemeral ponds, and chara…, Specialized Carriers and Rigging Association, Special Supplemental Nutrition Program for Women, Infants, and Children, Specie Payments, Suspension and Resumption of, https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/specie, https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/specie, https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/specie-0. Economics can help inform policymakers about the benefits and costs of species protection. : in the same or like form or kind ready to return insult in specie also : in coin. He has been featured on Morningstar Magazine, Go Banking Rates, U.S. News & World Report, Yahoo Finance, The Motley Fool, Money.com, and numerous other sites. Overpopulation refers to a population which exceeds its sustainable size within a particular environment or habitat. From the Cambridge English Corpus. 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. Species introduction can have drastic social, economic, and environmental effects. In specie Definition: (of money) in coin | Bedeutung, Aussprache, Übersetzungen und Beispiele . In coin. Specie is distinguished from other forms of money such as paper money or credit instruments like checks, money order, credit cards and the like. If a company buys out another company and pays with shares of stock instead of cash, the seller does not owe taxes on the gains until those stock shares are sold. Gale Encyclopedia of U.S. Economic History. 1985, Givnish 1986, Grime et al. 3 Apr. Transferring money from one taxable investment account to another should be done in specie. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The Oxford Pocket Dictionary of Current English. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. © 2019 Encyclopedia.com | All rights reserved. https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/specie, "specie Companion species at the associat…, accidental species One of five classes of fidelity used by the Braun-Blanquet school of phytosociology in the description and classification of plant…, fugitive species (opportunist species) A species typical of unstable or periodically extreme environments, e.g. This particular type of in specie distribution is frequently made in the form of fractional shares. Simpson (in 1961)had defined it as “an evolu­tionary species is a lineage (an ancestral- descendant sequence of populations) evol­ving separately from others and with its own unitary evolutionary role and tendencies”. ." A country with high prices would export less, import more, and thus lose specie, i.e., gold. Tax considerations also factor into the decision to use in specie. In specie is a Latin term describing the provision of an asset in its physical form rather than in the cash value of the asset. Menu. However, the date of retrieval is often important. It is fi…, preferential species In phytosociology, a species that is present with varying abundance in several communities, but is especially abundant and vigor…, constant species(constancy) In phytosociology, a species common to a particular association or community, but not necessarily confined to that commun…, companion species A term formerly used in the Braun-Blanquetphytosociological scheme to mean ‘indifferent species’. noun. In specie transactions may involve either physical assets or financial assets. Idiom: in specie 1. The decision further contracted the nation's money supply and was seen by critics as an exacerbating factor of the … The suspensions had occurred during periods of war or economic crisis. In some instances, financial assets such as stocks, bonds, warrants, or other securities may be distributed to shareholders in capital return programs. Law As specified. Encyclopedia.com. . Following the mercantilist tradition, Adam Smith and his followers regarded economics as a science of wealth which studies the process of production, consumption and accumulation of wealth. Competition occurs in nature, between living organisms which co-exist in the same environment.Animals compete over water supplies, food, mates, and other biological resources. Most online reference entries and articles do not have page numbers. n. Coined money; coin. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates. 2021 . "specie There might be multiple media of exchange, which can be observed by what is given to purchase goods ("medium of exchange"), etc.. In coin. Encyclopedia.com. ‘It was the habit of using paper money that was driving the nation's specie … Functional traits, at tissue-to-organismal scales, are increasingly recognized as powerful indicators of plant form and function (Westoby et al. . 3 Apr. "Specie noun. A Specie is someone who is so beautiful and so pretty. . cie / ˈspēshē; -sē/ • the delivery of a financial asset in its current form rather than in an equivalent amount of cash. in a similar manner; in kind: Such treachery should be repaid in specie. Taking the cash, for however brief a period, would have obliged the investor to pay capital gains taxes on any appreciation in the investments. 1997). money that the government declares to be legal tender although it cannot be converted into standard specie specie coined money, usually gold or silver, used to back paper money These examples are from corpora … Broadly speaking, taxes are collected on cash income and are due only on realized capital gains. In a similar manner; in kind: repaid the offense in specie. ‘The greenbacks were legal tender notes issued at par with notes backed by specie.’. own reserve of lawful money and specie. ." With … The formal definition of economics can be traced back to the days of Adam Smith (1723-90) — the great Scottish economist. With money supply fixed to the stock of gold, money contracts and prices fall. More example sentences. Roger received his MBA from Marquette University and his bachelor's in finance from the University of Wisconsin-Oshkosh. . The one-specie-reserve system, especially as it exists in England, is, of course, subject to all the dangers that come from a highly centralized system. Companies or individuals might transfer ownership of land, equipment, or inventory in their actual forms rather than paying cash. Encyclopedia of the American Revolution: Library of Military History. Staining procedure to detect viability and the true acrosome reaction in spermatozoa of various species.