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Definition/Meaning

(verb)

To convert into money or a source of profit.

e.g. The company plans to monetize its popular mobile app through advertising.

(verb)

to convert into money;

e.g. To monetize assets.

(verb)

to convert a society or economy to trade based on the exchange of money;

e.g. Bringing in spices and cotton in exchange for pottery and woodwork helped to monetize the small society's economy.

(verb)

to earn a profit or income from something;

e.g. The company needs to find a way to monetize the otherwise free gaming app, maybe by adding paid add-on features such as abilities to customize the characters.

(verb)

to legalize as money;

e.g. The country has now monetized 2,000 rupee bills, but has also demonetized the 500 and 1,000 rupee bills.

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