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demonetize::verb | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | demonetise |
| Type of | devaluate, devalue |
| Derivation | demonetization |
demonetize a coin.
Examples of demonetize
demonetize
And in 1876, legislation was passed to demonetize the silver dollars.
From the en.wikipedia.org
As such, legislation was passed in the individual territories to demonetize the silver dollars.
From the en.wikipedia.org
And in 1876, legislation was passed to demonetize the silver dollars for fear of them returning.
From the en.wikipedia.org
- Deprive of value for payment; "demonetize a coin"
- (demonetization) ending something (e.g. gold or silver) as no longer the legal tender of a country
- (Demonetized) Legal tender or forced tender is an offered payment that, by law, a creditor cannot refuse for the settlement of a debt while that debt remains payable. Currency is the most common form of legal tender.
- To withdraw the status of legal tender from a coin (etc.) and remove it from circulation; To declare ineligible or worthless as a medium of exchange or as legal tender
- (demonetization) The act or process of demonetizing
- (Demonetized) A stamp that has been declared no longer postally valid by the issuing authority.
- (Demonetization) Government withdrawal of a form of currency from circulation e.g. a particular note, coinage, or precious metal.
- (Demonetization) It is the government act of depriving metallic coins or paper money of specified denomination or its status as money. This is resorted to unearth hidden wealth.
- (Demonetization) The abandonment of the use of a commodity as money. As one part of the demand for this commodity is lost, a part of its value in exchange declines; it loses some of its exchange value.
