Definition

1. Adjective:
   • Relating to or involving money: The word "monetary" describes anything that is connected to money, currency, or financial systems. It pertains to the medium of exchange, its control, and its circulation within an economy.

Examples of Usage

• Adjective:
  • The central bank is responsible for the country's monetary policy.
  • The report analyzed the monetary impact of the new tax law.
  • She received thanks but no monetary compensation for his services.

Advanced Usage

• "Monetary value": The worth of something expressed in terms of money.
  • The painting's historical significance far exceeds its monetary value.
• "Monetary system": The set of institutions and rules by which a government provides money and controls the currency in a country.
  • The gold standard was a historic monetary system.

Variants and Related Words

• Monetarily (adverb): In a way that relates to money.
  • The project is not feasible monetarily.
• Monetarism (noun): The theory or practice of controlling the supply of money as the chief method of stabilizing the economy.
• Monetize (verb): To convert into or express in the form of currency.
  • The company seeks to monetize its online content.

Synonyms

• Financial: Relating to finance, often on a larger or organizational scale.
• Pecuniary: Formal term for relating to or consisting of money.
• Fiscal: Relating to government revenue, especially taxes; often contrasted with "monetary," which relates more to currency and money supply.

Related Phrases

• Monetary unit: The standard unit of currency in a country (e.g., dollar, euro, yen).
  • The yen is the basic monetary unit of Japan.
• Monetary authority: An institution, like a central bank, that manages a state's currency, money supply, and interest rates.

Adjective

1. relating to or involving money
   • monetary rewards
   • he received thanks but no pecuniary compensation for his services