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’
    • ‘The greenbacks were legal tender notes issued at par with notes backed by specie.’
    • ‘It was the habit of using paper money that was driving the nation's specie abroad.’
    • ‘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.’
    • ‘The Revolutionary Leaders in France dealt in gold and silver specie.’
    • ‘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.’
    • ‘Shortages of specie stifled economic growth by restricting the money supply.’
    • ‘Prices fell, imports slowed, exports boomed, and specie flowed into the country.’
    • ‘Under a gold standard, would the price level be indeterminate in a completely closed economy, where specie could not flow?’
    • ‘Whether the cargo imported is specie or other goods is irrelevant.’
    • ‘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.’
    • ‘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.’
    • ‘The specie regime, more or less, dominated until 1971.’
    • ‘Swiss cooperation had become essential as other neutrals responded to Allied pressure and refused to exchange war materials for specie.’
    cash, hard cash, ready money

Phrases

    in specie
    Law
    • 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.’
      • ‘If it is lost in specie, there can be no equitable tracing of the money.’
      • ‘There was a power to distribute in specie contained in the will.’

Origin

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

Pronunciation

specie

/ˈspiːʃiː/ /ˈspiːʃi/