Definition of specie in English:

specie

noun

  • Money in the form of coins rather than notes.

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

Phrases

  • in specie

    • 1In coin.

    • 2Law
      In the real, precise, or actual form specified.

      ‘the plaintiff could not be sure of recovering his goods in specie’
      • ‘the court will order the defendant to transfer it in specie to the plaintiff.’
      • ‘He could not have pursued a claim in specie.’
      • ‘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.’
      • ‘If it is lost in specie, there can be no equitable tracing of the money.’

Origin

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

Pronunciation