monetize

verb
mon·​e·​tize | \ ˈmä-nə-ˌtīz also ˈmə- How to pronounce monetize (audio) \
monetized; monetizing

Definition of monetize

transitive verb

1 : to coin into money also : to establish as legal tender
2 : to purchase (public or private debt) and thereby free for other uses moneys that would have been devoted to debt service
3 : to utilize (something of value) as a source of profit

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Other Words from monetize

monetizable \ -​ˌtī-​zə-​bəl \ adjective
monetization \ ˌmä-​nə-​tə-​ˈzā-​shən How to pronounce monetization (audio) also  ˌmə-​ \ noun

Examples of monetize in a Sentence

Recent Examples on the Web

The app quickly amassed millions of users but never gained enough traction to compete with social-media giants such as Facebook Inc. Mr. Livingston devised kin as a way to monetize the Kik platform. Dave Michaels, WSJ, "Are ICO Tokens Securities? Startup Wants a Judge to Decide," 27 Jan. 2019 Allison Laffey has yet to really monetize the account for her dog, Gouda. Sarah Hauer, Milwaukee Journal Sentinel, "Influencer marketing goes to the dogs," 10 May 2018 Walmart and other big retailers are now following Amazon into the advertising arena to monetize that information. Matthew Boyle, The Seattle Times, "Amazon has a big advertising business. Walmart wants one too," 19 Feb. 2019 Once the card data is stolen, it must be monetized. Dan Goodin, Ars Technica, "E-commerce site is infected not by one, but two card skimmers," 20 Nov. 2018 And so all of those are optimally monetized by essentially running an auction that lasts one tenth of a second. Eric Johnson, Recode, "Netflix will get ads, predicts the Trade Desk CEO Jeff Green," 15 Nov. 2018 The problem is simple: content that isn’t safe for work is hard to monetize, and Tumblr’s future has been in doubt since the day it was purchased. Bijan Stephen, The Verge, "Tumblr’s porn ban could be its downfall — after all, it happened to LiveJournal," 6 Dec. 2018 In this light, Amazon Go stores may be as valuable, or more valuable, as pick-up points and mini-fulfillment centers for wealthy urban consumers; selling goods is just another part of monetizing urban real estate. Patrick Sisson, Curbed, "Amazon is coming for the small corner store," 2 Oct. 2018 At the hearings, many lawmakers questioned whether Facebook can really change so long as its business model depends on monetizing users’ data to sell ads. Katy Steinmetz, Time, "Congress Never Wanted to Regulate Facebook. Until Now," 12 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'monetize.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of monetize

circa 1879, in the meaning defined at sense 1

History and Etymology for monetize

Latin moneta

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Statistics for monetize

Last Updated

5 Apr 2019

Look-up Popularity

Time Traveler for monetize

The first known use of monetize was circa 1879

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More Definitions for monetize

monetize

verb

Financial Definition of monetize

What It Is

To "monetize" something is to convert non-revenue generating assets into sources of revenue.  In economic terms, monetize means to convert any event, object or transaction into a form of currency or something with transferable value.

How It Works

For example, over time, a company may develop any number of systems or assets that are part of the company's overhead and infrastructure, supporting the company in selling its products or services.  Examples of these may include a safe storage system or an innovative and efficient distribution system or an information system to track sales, monitor projects, track personnel time, account for funds or even report on company activities.  These systems are typically non-revenue generating, in that they are not sold to generate revenues independently of the company's core product or service.

But sometimes a company may be able to find an independent market for these systems.   When the company begins to package and sell these traditionally non-revenue generating systems, the company "monetizes" them, creating new sources of revenue for the company.

In another example, a flow of traffic to a destination, such as tourists to a historic site, can be monetized by capturing retail sales from those tourists en route to the historic site.  At the same time, Internet surfing "traffic" to popular websites has been "monetized" by selling advertising space and getting site visitors to view the advertisement.

Why It Matters

The process of figuring out creative ways of monetization is about as old as capitalism (which is only about 300-400 years old in its current form).   The processes of monetization -- that is, thinking systematically about how to convert something into cash -- is a valuable part of a business's strategic planning process.

Similarly, the capital markets are constantly innovating and finding new ways to monetize market transactions, using letters of credit, standby guarantees, derivatives and swaps to allow for the creation of new tradable financial products.

Source: Investing Answers

monetize

transitive verb
mon·​e·​tize | \ ˈmä-nə-ˌtīz How to pronounce monetize (audio) \
monetized; monetizing

Legal Definition of monetize

1 : to coin into money also : to establish as legal tender
2 : to purchase (public or private debt) and thereby free for other uses moneys that would have been devoted to debt service
3 : to utilize (something of value) as a source of profit

More from Merriam-Webster on monetize

Rhyming Dictionary: Words that rhyme with monetize

Nglish: Translation of monetize for Spanish Speakers

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