monetize

verb
mon·​e·​tize | \ ˈmä-nə-ˌtīz How to pronounce monetize (audio) also ˈmə- \
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 \ ˈmä-​nə-​ˌtī-​zə-​bəl How to pronounce monetizable (audio) also  ˈmə-​ \ 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 But her speech-shredding on Tuesday night appeared to mark a pointier, post-impeachment phase, one Trump's reelection campaign quickly sought to monetize. Laurie Kellman, Anchorage Daily News, "Impeachment done, Pelosi unburdens herself about Trump," 6 Feb. 2020 Researchers elsewhere in Maine are exploring additional ways to monetize the crabs as dog food, fish sauce, fertilizer and other products that incorporate the entire animal, including its hard shell. Laura Poppick, Scientific American, "Harm to Table: Turning an Invasive Crab into a Delicacy," 30 Oct. 2019 Former Vice President Joe Biden, Sen. Kamala Harris, and Sen. Elizabeth Warren all began running Facebook ads seeking to monetize the impeachment inquiry. Natasha Bach, Fortune, "How 2020 Candidates Are Using Impeachment to Raise Money on Facebook," 26 Sep. 2019 Harris also sought to monetize the moment, rolling out a fundraising enticement: a black unisex T-shirt — priced $29.99 — with a photo of her as a child. Matt Pearce, latimes.com, "Joe Biden struggles and Kamala Harris surges after clash over race and busing," 28 June 2019 States too create purchasing power by monetizing debt. Adam Tooze, The New York Review of Books, "How ‘Big Law’ Makes Big Money," 28 Jan. 2020 But the law’s transparency provisions are set to give users an unprecedented look into how their personal information is shared and monetized across the internet. Los Angeles Times, "It’s 2020 and you have new privacy rights online. But you might have to show ID," 1 Jan. 2020 Through social media, websites, online licensing, and online galleries, archive managers can increase exposure, build audiences, and monetize more works. BostonGlobe.com, "“Jerome Liebling” into Getty Images’s search engine," 1 Nov. 2019 Tinder’s and Bumble’s embrace of frat culture has invited critiques — especially of the ethics behind monetizing parties that have historically been hostile spaces for women. Terry Nguyen, Vox, "Frats are throwing parties with Tinder and Bumble. This isn’t exactly new.," 20 Aug. 2019

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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Time Traveler for monetize

Time Traveler

The first known use of monetize was circa 1879

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Statistics for monetize

Last Updated

22 Feb 2020

Cite this Entry

“Monetize.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/monetize. Accessed 27 Feb. 2020.

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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

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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