Pronunciation: (mon'i-tīz", mun'-), [key]
—v.t., -tized, -tiz•ing.
1. to legalize as money.
2. to coin into money: to monetize gold.
3. to give the character of money to.
4. Econ.to convert (a debt, esp. the national debt) into currency, esp. by issuing government securities or notes. Also, esp. Brit.,mon'e•tise".
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.