monetizev.
/ˈmʌnᵻtʌɪz/, U.S. /ˈmɑnəˌtaɪz/ Economics.
1.
a. transitive. To establish (a metal) as standard currency in the coinage of a country; to put into circulation as currency. Now chiefly historical.
ΘΚΠ
society > trade and finance > money > circulation of money > put into circulation [verb (transitive)] > make legal tender
monetize1867
remonetize1875
1867 J. A. Ferris Financial Econ. U.S. Illustr. 79 This would monetize gold again.
1903 Speaker 10 Oct. 52/1 He demonetised silver in Germany and monetised gold.
1935 Amer. Econ. Rev. 25 135 The precious metals were monetized at the mints.
1978 Jrnl. Money, Credit, & Banking 10 29 The silver would..be monetized at the ‘historic’ price of 371¼ grains per dollar.
1993 Econ. Jrnl. 103 512 With gold..if the metal were some day monetised..[this] would cause inventories to fall dramatically and convenience yield to rise.
b. transitive. To convert (an asset, debt, etc.) into money, to realize the value of (an asset, debt, etc.) as currency; spec. to convert (government debt) to a more liquid form, as by redeeming Treasury bills or replacing bonds with bills. Also: to assess in terms of monetary value.
ΘΚΠ
society > trade and finance > money > circulation of money > put into circulation [verb (transitive)] > make legal tender > from securities into currency
monetize1867
1867 J. A. Ferris Financial Econ. U.S. Illustr. 20 The owner of real estate and merchandise may be compelled to hold the same for years, or sell at large sacrifice. Hence this insatiable desire among our people to monetize property, debts, and credits.
1912 Jrnl. Polit. Econ. 20 47 The potential power of our clearing-house system..solved the question of monetizing our assets for a time long enough to satisfy the public.
1935 Amer. Econ. Rev. 25 135 The commercial banks began..to monetize public debt on a large scale.
1968 E. S. Russenholt Heart of Continent iv. xiii. 247 The immediate loss to Western farm families is monetized at $243 millions.
1975 J. De Bres tr. E. Mandel Late Capitalism xi. 375 Increasing dependence on imperialist food exports is monetized on the capitalist world market via higher prices, if necessary by artificially induced shortages.
1988 Amer. Banker 10 Aug. 24/1 The practice known as monetizing the debt, whereby the Fed buys new securities issued by the Treasury to finance the budget deficit.
2. transitive. To convert to the use of money; to convert (an economy) to a monetary system.
ΚΠ
1954 Amer. Econ. Rev. 44 602 The entire underdeveloped economy was monetized.
1963 Jrnl. Politics 25 772 Traditional obligations which could be activated with little or no cash are weakening as the economy is increasingly monetized.
1987 Pacific Affairs 60 488 Bringing in specie in exchange for local goods..helped to monetize the economy.
1991 South Aug. 33/2 Food is certain to become more expensive as the government..begins to liberalise farm prices and monetise the ‘lojas da povo’ where essential items have traditionally been sold..at one seventieth the price they fetch in the open markets.
3. transitive. To exploit (a product, service, audience, etc.) so that it generates revenue.
ΚΠ
1998 Boston Globe 14 Jan. c6/6 It's all about eyeballs, audience acquisition... Growth lies in the ability to monetize those eyeballs.
2005 Sunday Tel. (Nexis) 26 June (City section) 4 Executives must grapple with new forms of delivery such as broadband and learn how to monetise content while keeping their advertisers happy.
2012 W. J. Au Game Design Secrets xiv. 194 Despite this enthusiasm for Android, the market is extremely fragmented and, therefore, difficult to monetize.
This entry has been updated (OED Third Edition, September 2002; most recently modified version published online March 2022).
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