specie Definition
- 1coin money
- 2metallic money
- 3money in the form of coins rather than notes
Using specie: Examples
Take a moment to familiarize yourself with how "specie" can be used in various situations through the following examples!
Example
The bank only deals with specie, not paper money.
Example
The government minted new specie to stabilize the economy.
Example
The merchant only accepted specie for payment.
specie Synonyms and Antonyms
Phrases with specie
Example
The payment was made in specie, with gold coins.
Example
Gold coins were once legal tender in specie in many countries.
an executive order issued by US President Andrew Jackson in 1836, requiring payment for government land to be made in gold or silver rather than paper money
Example
The Specie Circular contributed to the Panic of 1837, a financial crisis in the United States.
Origins of specie
from Latin 'species', meaning 'kind' or 'sort'
Summary: specie in Brief
The term 'specie' [spee-shee] refers to metallic money, specifically coins, as opposed to paper money. It is often used in financial contexts, such as 'The bank only deals with specie, not paper money.' 'Specie' also appears in phrases like 'in specie,' meaning in the actual form, and 'legal tender in specie,' referring to valid forms of payment.
