What it is:
In specie is a Latin term describing the provision of an in its physical form rather than in the value of the .
How it works (Example):
Let's say Company XYZ wants to purchase Company ABC for $10 million. Company XYZ doesn't have $10 million of shares of Company XYZ , which are worth $10 million. Company XYZ is paying Company ABC in specie.laying around, but it needs to give Company ABC something worth $10 million. It decides to give Company ABC 1 million
Why it Matters:
In specie payments usually happen in the business world if a company doesn't have