Definition of specie in English:

specie

noun

  • [mass noun] Money in the form of coins rather than notes:

    ‘the Bank of England in 1795 had held around £8 million in specie’
    • ‘Prices fell, imports slowed, exports boomed, and specie flowed into the country.’
    • ‘The specie regime, more or less, dominated until 1971.’
    • ‘The greenbacks were legal tender notes issued at par with notes backed by specie.’
    • ‘Specie was pouring into the country from the Havana trade.’
    • ‘Shortages of specie stifled economic growth by restricting the money supply.’
    • ‘Swiss cooperation had become essential as other neutrals responded to Allied pressure and refused to exchange war materials for specie.’
    • ‘The French crown was forced to pay for its Canadian expenditures by borrowing or taxing in France and shipping specie to the New World.’
    • ‘It was the habit of using paper money that was driving the nation's specie abroad.’
    • ‘The Revolutionary Leaders in France dealt in gold and silver specie.’
    • ‘Under a gold standard, would the price level be indeterminate in a completely closed economy, where specie could not flow?’
    • ‘Just imagine if the whole world was on a gold and silver specie currency system.’
    • ‘Paper notes could be exchanged for specie upon the bearer's demand.’
    • ‘While some specie was Spanish silver, a substantial amount came from the sale of Indian goods to Red Sea and Persian Gulf ports.’
    • ‘The money supply was composed of bank notes and deposits, convertible into specie, and gold and silver coin.’
    • ‘If the bank required specie reserves, the notes acquired initially could have been called at expiration and not renewed.’
    • ‘Whether the cargo imported is specie or other goods is irrelevant.’
    • ‘The Chinese would accept only specie, usually silver, in payment.’
    cash, hard cash, ready money
    View synonyms

Origin

Mid 16th century: from Latin, ablative of species form, kind, in the phrase in specie in the actual form.

Pronunciation

specie

/ˈspiːʃiː//ˈspiːʃi/