Dictionary of Banking Terms: specie
specie
money in the form of coins, usually gold or silver, as opposed to paper money. Also called hard currency. Since the gold standard was abolished in the 1930s, gold coins, aside from their her intrinsic value and demand as collectibles, no longer have any special worth as standard of value in world trade.
Dictionary of Business Terms: specie
specie
money with intrinsic value, such as gold and silver coins.
