Definition, Meaning & Synonyms
specie
noun
/ˈspɛʃi/
Definition
Specie refers to money in the form of coins rather than paper currency.
Examples
- During the gold rush, many people were eager to find specie to spend.
- The bank allowed customers to exchange paper notes for specie.
- In ancient times, specie was the primary form of currency used in marketplaces.
Meaning
It commonly refers to physical currency that is minted in the form of coins, which can be used for transactions.
Synonyms
- coinage
- currency
- hard cash
