One of the mysteries of the English language finally explained.
Money in the form of coins rather than notes.
cash, hard cash, ready moneyView synonyms
- ‘The Revolutionary Leaders in France dealt in gold and silver specie.’
- ‘The specie regime, more or less, dominated until 1971.’
- ‘The money supply was composed of bank notes and deposits, convertible into specie, and gold and silver coin.’
- ‘Paper notes could be exchanged for specie upon the bearer's demand.’
- ‘Specie was pouring into the country from the Havana trade.’
- ‘The French crown was forced to pay for its Canadian expenditures by borrowing or taxing in France and shipping specie to the New World.’
- ‘The greenbacks were legal tender notes issued at par with notes backed by specie.’
- ‘Shortages of specie stifled economic growth by restricting the money supply.’
- ‘Just imagine if the whole world was on a gold and silver specie currency system.’
- ‘Under a gold standard, would the price level be indeterminate in a completely closed economy, where specie could not flow?’
- ‘If the bank required specie reserves, the notes acquired initially could have been called at expiration and not renewed.’
- ‘The Chinese would accept only specie, usually silver, in payment.’
- ‘While some specie was Spanish silver, a substantial amount came from the sale of Indian goods to Red Sea and Persian Gulf ports.’
- ‘Swiss cooperation had become essential as other neutrals responded to Allied pressure and refused to exchange war materials for specie.’
- ‘Whether the cargo imported is specie or other goods is irrelevant.’
- ‘Prices fell, imports slowed, exports boomed, and specie flowed into the country.’
- ‘It was the habit of using paper money that was driving the nation's specie abroad.’
In the real, precise, or actual form specified.‘the plaintiff could not be sure of recovering his goods in specie’
- ‘He could not have pursued a claim in specie.’
- ‘If it is lost in specie, there can be no equitable tracing of the money.’
- ‘My question was directed to a situation in which what was recovered was property in specie.’
- ‘There was a power to distribute in specie contained in the will.’
- ‘the court will order the defendant to transfer it in specie to the plaintiff.’
Mid 16th century: from Latin, ablative of species ‘form, kind’, in the phrase in specie ‘in the actual form’.
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