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What is a demonetization?

What is a demonetization? Here are some definitions.

Noun
  1. The act or process of demonetizing
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Furthermore, if you apply a too large discount, we'll arrive at a demonetization of the share after the battle.
But what shall be said in defense of the demonetization of silver by the United States?
It is the fact of monetization for one of the metals, and demonetization for the other.
The motive for the demonetization of silver was precisely the same that had previously inspired the demonetization of gold.
Whether Modi's short-term demonetization succeeds will depend in large part on the initiative's long-term plan.
Strictly speaking, the Indian demonetization is less about phasing out cash than it is about accounting for underground money.

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