Monetize
volume
British pronunciation/mˈɒnɪtˌaɪz/
American pronunciation/ˈmɑnəˌtaɪz/

Definition & Meaning of "monetize"

to monetize
01

to officially make a specific currency the accepted and legal form of money in a country

02

to turn a non-cash asset, such as property, investments, or debt, into cash

example
Example
examples
Governments may monetize new currency notes to replace older ones and ensure their legal status.
In times of economic instability, countries may decide to monetize a more stable currency.
When a country undergoes economic changes, it may choose to monetize a new form of currency.
The government's decision to monetize a specific currency is essential for its acceptance in everyday transactions.
The investor monetized a portion of his portfolio to fund the new business venture.
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