specie

[spee-shee]

specie Definition

• 1. coin money
• 2. metallic money
• 3. money 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

Synonyms for specie

• coinage
• currency
• hard cash

Phrases with specie

• in specie

  in the actual form, especially of money

  Example

  The payment was made in specie, with gold coins.

• legal tender in specie

  money that is recognized as a valid and legal form of payment

  Example

  Gold coins were once legal tender in specie in many countries.

• specie circular

  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'

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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.