specialty

views updated May 18 2018

spe·cial·ty / ˈspeshəltē/ (Brit. also spe·ci·al·i·ty / ˌspeshēˈalitē/ ) • n. (pl. -ties) 1. a pursuit, area of study, or skill to which someone has devoted much time and effort and in which they are expert: his specialty was watercolors. ∎  a particular branch of medicine or surgery. ∎  a product, esp. a type of food, that a person or region is famous for making well: the local specialties are all seafood. ∎  [as adj.] meeting particular tastes or needs: specialty potatoes for salads.2. Law a contract under seal.

Specialty

views updated May 29 2018

SPECIALTY

A contract under seal.

A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. The term specialty debt is used in reference to a debt that is acknowledged to be due by an instrument under seal.

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