n. The act of demonetizing, or the condition of being demonetized; specificially, the declaration by a government that something (e.g. gold or silver) is no longer the legal tender of a country; as, the demonetization of gold. [ 1913 Webster + WordNet 1.5 ]
n. The act or process of converting into money, or of establishing something (e.g. gold or silver) as the legal tender of a country; as, the monetization of silver. [ 1913 Webster ]