Demonetize
Definition, Meaning & Examples
Pronunciation /diːˈmʌnətaɪz/ · Part of speech verb
Quick meaning: Demonetize is a verb meaning (transitive) To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.
Meaning
(transitive) To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.
More Meanings
- (transitive) To declare ineligible or worthless as a medium of exchange or as legal tender.
- (Internet, transitive) To demote (published content, or its creator) so that it is no longer eligible to earn money for its publisher.
Example Sentences
The site has the ability to demonetize a video.
Other high-profile YouTube stars including Logan Paul, Shane Dawson and David Dobrik have had their channels demonetized after controversies in the media. Many demonetized creators still run highly profitable businesses.
A bill to demonetize existing French gold coinage has been introduced in the Chamber of Deputies by Deputies Lenoir, Bouffandeau, and Eymond. The purpose is to force hoarders to bring out gold estimated at 4,000,000,000 francs which is still kept in hiding in spite of patriotic appeals to the owners to exchange it for notes.
Word Forms
- demonetizes
- demonetizing
- demonetized
- demonetise
Related Words
Related dictionary entries include demonetise, demonetarize, uncoin, liquidate, retire, debank.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.