Definition of specie in English:

specie

Line breaks: spe¦cie
Pronunciation: /ˈspiːʃiː
 
, ˈspiːʃi/

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
    More example sentences
    • 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.

Phrases

in specie

Law In the real, precise, or actual form specified: the plaintiff could not be sure of recovering his goods in specie
More example sentences
  • 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.

Origin

mid 16th century: from Latin, ablative of species 'form, kind', in the phrase in specie 'in the actual form'.

More definitions of specie

Definition of specie in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day milord
Pronunciation: mɪˈlɔːd
noun
used to address an English nobleman