n. The act of demonetizing, or the condition of being demonetized;
v. t. To deprive of current value; to withdraw from use, as money. [ 1913 Webster ]
They [ gold mohurs ] have been completely demonetized by the [ East India ] Company. R. Cobden.
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;
v. t. To convert into money; to adopt as current money;
n. The act of remonetizing. [ 1913 Webster ]
v. t. To restore to use as money;