- Used in the business world in determining how practical and viable something is before developing it.
monetize
transitive verb; derivation
To turn an idea into something tangible and profitable.
Etymology : Derived from 'monetary' (meaning related to money, from Latin 'Moneta', the epithet of Juno, whose temple housed a mint) and the verb-forming suffix '-ize', suggesting the metaphor that a concept is literally being turned into money.
Source : 'We have all of the plans and resources; now it's time to monetize this puppy.' - From a company meeting, said by a family member's boss, Nov. 26, 2008
Last modified: 2 December 2008