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Monetarily Meaning: Definition, Examples, and Translations

๐Ÿ’ฐ
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monetarily

[หŒmสŒnษชหˆterษชli ]

Definitions

Context #1 | Adverb

in the context of money or finances

Relating to or involving money.

Synonyms

economically, financially, fiscally.

Which Synonym Should You Choose?

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Word Description / Examples
monetarily

Best used when talking about specific amounts of money or financial value in a direct way.

  • He was monetarily compensated for his work.
  • The project failed to be monetarily successful.
financially

Useful for describing the general state of financial health or circumstances of an individual or organization.

  • She is financially independent.
  • The company is doing well financially.
economically

Best suited when discussing the broader economic system or considerations regarding efficiency and cost-effectiveness.

  • Economically, it makes more sense to invest in renewable energy.
  • The country is struggling economically due to high unemployment rates.
fiscally

Specifically used in relation to government or public finances, including budgets, expenditures, and taxation.

  • The government is aiming to be more fiscally responsible.
  • They discussed the new fiscal policies in the meeting.

Examples of usage

  • Monetarily, the project was a success.
  • She was rewarded monetarily for her hard work.
  • The company suffered monetarily due to the economic downturn.
Context #2 | Adverb

in terms of payment or compensation

In a way that relates to payment or compensation.

Synonyms

compensationally, paywise.

Which Synonym Should You Choose?

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Word Description / Examples
monetarily

Use when specifically referring to financial aspects or concerns in an objective manner.

  • Monetarily, the project was a huge success.
  • The investment will benefit us monetarily in the long run.
compensationally

Appropriate when talking about something related to compensation or reimbursement, often in formal or business settings.

  • The employees were compensated both monetarily and compensationally for their overtime.
  • Changes in the policy will affect people compensationally.
paywise

An informal and colloquial term used to discuss concerns related to salary or wages.

  • Paywise, the job offers decent compensation.
  • She's doing well paywise in her new position.

Examples of usage

  • He was compensated monetarily for his time.
  • The services provided were valued monetarily.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Economics

  • Monetarily, countries track their fiscal health through measures like GDP, which shows how well they manage their money.
  • Inflation affects how much you can buy with money over time, making it an important concept in monetary discussions.

Psychology

  • Studies show that valuing monetary rewards can affect motivation, where people work smarter or harder for financial gain.
  • The perception of wealth can influence happiness levels, as people often associate financial stability with security and contentment.

Pop Culture

  • Many films and shows explore themes of financial struggles, showcasing how monetary issues can drive conflict or character development.
  • Game shows often center around winning money, highlighting society's fascination with wealth and the lifestyle it brings.

History

  • The concept of currency has evolved from barter systems to complex monetary systems with digital currencies gaining popularity in recent years.
  • The Great Depression illustrated the importance of monetary policy, as governments intervened to stabilize their economies.

Origin of 'monetarily'

Main points about word origin

  • The word 'monetarily' comes from 'money,' which originates from the Latin 'moneta,' referring to a mint where coins were produced.
  • It has been in use since the late 19th century, reflecting the growing importance of money in economies around the world.

The word 'monetarily' is derived from the adjective 'monetary', which comes from the Latin word 'monetarius', meaning 'pertaining to money'. The concept of money has been central to human societies for centuries, with various forms of currency used for trade and commerce. The evolution of monetary systems has played a crucial role in shaping economies and influencing global markets.

See also: monetary, money, moneyed.

Word Frequency Rank

Ranking #36,758, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.