A specialty debt is created by deed or instrument under seal.
The main difference now is that a specialty debt may, in general, be created without consideration, as for example by a bond (a gratuitous promise under seal), and that a right of action arising out of a specialty debt is not barred if exercised any time within twenty years, whereas a right of action arising out of a simple contract debt is barred unless exercised within six years.
Thus, locks are a specialty at Wolverhampton and Willenhall, and keys at Wednesfield; horses' bits, harness-fittings and saddlery at Walsall and Bloxwich, anchors and cables at Tipton, glass at Smethwick, and nails and chains at Cradley.
The Japanese, on the contrary, made a specialty of faience, and in that particular line they reached a high standard of excellence.
The species of crocus are not very readily obtainable, but those who make a specialty of hardy bulbs ought certainly to search them out and grow them.
The chief crops of the farmer are wheat (which from its flinty hardness and full kernel is the specialty of the Canadian north-west), oats, barley and pease.
Putting aside those created by statute, recoverable by civil process, debts may be divided into three classes, (I) judgment debts, (2) specialty debts, and (3) simple contract debts.