The speech test (speech audiometry) is a test that is quite similar to the pure tone test, but instead of listening to different tones, you listen to certain words spoken at different volumes, which you are asked to repeat.
The results allow the hearing health care professional to prepare an audiogram which helps him determine your speech reception threshold.
The speech reception threshold shows how well you hear and understand normal conversation. In other words, it measures your speech recognition.
How good are you at hearing what is being said by the announcer at a noisy football match? Take the test here! (external link)