demonetize

views updated May 23 2018

de·mon·e·tize / dēˈmäniˌtīz/ • v. [tr.] (usu. be demonetized) deprive (a coin or precious metal) of its status as money.DERIVATIVES: de·mon·e·ti·za·tion / -ˌmänitəˈzāshən/ n.

demonetize

views updated May 23 2018

demonetize deprive of standard monetary value. XIX. — F. démonétiser, f. DE- 7 + L. monēta MONEY; see -IZE.