Mon"e*tize (?), v. t. To convert
into money; to adopt as current money; as, to monetize
silver.
Mon"ey (?), n.; pl.
Moneys (#). [OE. moneie, OF. moneie,
F. monnaie, fr. L. moneta. See Mint place where
coin is made, Mind, and cf. Moidore, Monetary.]
1. A piece of metal, as gold, silver, copper,
etc., coined, or stamped, and issued by the sovereign authority as a
medium of exchange in financial transactions between citizens and
with government; also, any number of such pieces; coin.
To prevent such abuses, . . . it has been found
necessary . . . to affix a public stamp upon certain quantities of
such particular metals, as were in those countries commonly made use
of to purchase goods. Hence the origin of coined money, and of
those public offices called mints.
A. Smith.2. Any written or stamped promise,
certificate, or order, as a government note, a bank note, a
certificate of deposit, etc., which is payable in standard coined
money and is lawfully current in lieu of it; in a comprehensive
sense, any currency usually and lawfully employed in buying and
selling.
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