'demonetize' definitions:
Definition of 'demonetize'
(from WordNet)
verb
Deprive of value for payment; "demonetize a coin" [syn: demonetize, demonetise]
Definition of 'demonetize'
From: GCIDE
- demonetize \de*mon"e*tize\ (?; see Monetary), v. t. To deprive of current value; to withdraw from use, as money. [1913 Webster]
- They [gold mohurs] have been completely demonetized by the [East India] Company. --R. Cobden. Demoniac