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What does decimalization mean?

Looking for the meaning or definition of the word decimalization? Here's what it means.

Noun
  1. Alternative spelling of decimalisation
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Mouton's proposal contained three of the major characteristics of the metric system: decimalization, rational prefixes, and the Earth's measurement as basis for a definition.
Prior to decimalization, the pound was divided into twenty shillings, each shilling into twelve pennies and each penny into four farthings.
Domowitz replied that some types of compensation are changing already, for example, with decimalization in the United States.
Decimalization, for example, when introduced in 2000, created a basic change for institutions and participants in the market that provide liquidity and take risk.
Following the political union of Lower and Upper Canada in 1841, two significant developments helped to simplify things: decimalization and the introduction of government notes.
The 10 shilling note was replaced by the 50 pence coin during the process of decimalization.

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