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".