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What does monetize mean?

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

Verb
  1. To convert something (especially a security) into currency.
  2. To mint money.
  3. To establish a currency as legal tender.
  4. To make a business activity profit-generating, particularly in computer and Internet-related activities.
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Examples
We'll never have the scale of a portal, but we have a much better ability to monetize the traffic we have.
Six months after the launch, the board made the decision to dismiss the staff, close our virtual doors, and monetize the assets.
If you think about our consumption of 465 million page views per day in December, that's a whole lot of inventory to monetize.
The banks, in their desperation to monetize these encumbrances, had found a clearing price.
The Federal Reserve has not yet had to monetize the national deficit, but the trend seems to point in that direction.
Specifically, these companies are the future account base, and together we are going to create new ways for our labels to monetize their content.

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