DEMONETIZE

demonetize, demonetise

(verb) deprive of value for payment; “demonetize a coin”

Source: WordNet® 3.1

Etymology

Verb

demonetize (third-person singular simple present demonetizes, present participle demonetizing, simple past and past participle demonetized)

To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.

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.

Source: Wiktionary

De*mon"e*tize (; see Monetary), v. t.

Definition: To deprive of current value; to withdraw from use, as money. They [gold mohurs] have been completely demonetized by the [East India] Company. R. Cobden.

Source: Webster’s Unabridged Dictionary 1913 Edition

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