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History vocabulary · Economic History

Specie

Meaning in history, with examples

nounCommon term

In history, specie means: Money in the form of coin, especially gold or silver, rather than paper promises of payment.

In Turkish: madeni para, altın veya gümüş para

How it is used

Usually uncountable in economic history: payment in specie; do not confuse it with species.

Example sentences

  1. The merchant demanded payment in specie rather than a paper note.

    The distinction concerns the medium in which payment is made.

  2. Customs records reveal a shortage of specie in the port.

    Coin availability can constrain exchange even when goods are present.

Common collocations

  • payment in specie
  • a shortage of specie
  • trade routeA regular path by land, river or sea along which merchants carried goods between regions, such as the Silk Road or the spice routes of the Indian Ocean.
  • mercantilismAn economic policy common in Europe from the sixteenth to the eighteenth century that tried to increase a state's wealth and power by exporting more than it imported and building up gold and silver.

More terms: Economic History

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