specie payment
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Specie Payment Resumption Act — The Specie Payment Resumption Act (January 14, 1875, ch. 15, 18 Stat. 296) provided for the redemption of United States paper currency, known colloquially as greenbacks, in gold beginning in 1879. Drafted by Ohio Senator John Sherman, the… … Wikipedia
specie payment — ▪ American finance the redemption of U.S. paper money by banks or the Treasury in metallic (usually gold) coin. Except for a few periods of suspension (1814–15, 1836–42, and 1857), Americans were able to redeem paper money for specie… … Universalium
specie payment — noun Etymology: specie (I) : payment in coin or bullion as distinguished from payment in paper money … Useful english dictionary
Specie-Payment President — James Abram Garfield … Eponyms, nicknames, and geographical games
specie, species — Specie means coined money or coins. This word is a collective noun and has no plural: The specie of France and that of Great Britain do not closely resemble each other. The payment must be in specie. Species has only one form for singular and… … Dictionary of problem words and expressions
Specie Circular — (July 11, 1836) Executive order issued by Pres. Andrew Jackson. It required payment for purchases of public lands in gold or silver (specie means money in coin ). The circular attempted to reduce the amount of paper money in circulation and limit … Universalium
Specie Circular — The Specie Circular (Coinage Act) was an executive order issued by U.S. President Andrew Jackson in 1836 and carried out by President Martin Van Buren. It required payment for government land to be in gold and silver currency.HistoryThe Act was a … Wikipedia
in specie — Payment in the designated number of gold or silver dollars of the coinage of the United States; in gold or silver coin of the United States. 40 Am J1st Paym § 58 … Ballentine's law dictionary
in specie — ə̇nzˈpē(ˌ)shē, nˈsp , shi also (ˌ)sē or si; in senses other than c “ or pēs(h)ēˌē or pekēˌā adverb : in or with the same or like form or kind: as a … Useful english dictionary
international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… … Universalium
Price specie flow mechanism — The Price specie Flow Mechanism is a logical mechanism created by David Hume which dispelled the Mercantilist (1700 1776) notion that a nation can have a continuously favorable balance of trade. Under the rules of the Gold standard,each nation’s… … Wikipedia
