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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
The banks, in their desperation to monetize these encumbrances, had found a clearing price.
Specifically, these companies are the future account base, and together we are going to create new ways for our labels to monetize their content.
He notes that the company will monetize sales by selling images to users and splitting the revenue with the illustrators who created them.
Everyone else could monetize their 2008 experience except the man most loyal to the president.
Six months after the launch, the board made the decision to dismiss the staff, close our virtual doors, and monetize the assets.
If we want to live in a country that supports a creative class, we have to figure out how to monetize those illegal uses.

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