Specie

usgb/ˈspɛʃi/
noun

Specie refers to money in the form of coins rather than notes or bank deposits.

The bank prefers transactions in specie to ensure liquidity.
Visual representation of "specie" - Specie refers to money in the form of coins rather than notes or bank deposits.

Often appears as...

  • cash payment
  • metal currency

Usage tips

Formal

gold specie, silver specie, in specie payments

Definition 1 of 2
Visual representation of "specie"
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Context

Understand that 'specie' is often used in legal or financial contexts

Illustration for Context
In a courtroom, one might hear arguments regarding payments in specie.
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Formality

'Specie' is a more formal term compared to 'cash'

Illustration for Formality
In everyday conversation, cash is more commonly used.
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Cultural

Different cultures have varying interpretations of 'specie'

Illustration for Cultural
In some countries, coins are of higher value than in others.
Visual representation of the word "Specie"

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