non-monetary

Meanings

1. 1adjectivebefore a noun

   Not connected with money or payment.

   Grammar: Used before a noun: non-monetary benefits, non-monetary rewards.

   Patterns

   • non-monetary benefits
   • non-monetary reward for something
   • non-monetary value

   Flexible hours are a non-monetary benefit that many workers value.

   The prize was non-monetary: a certificate and a day off.

   Volunteers receive non-monetary rewards such as training and experience.

2. 2adjectivebefore a nountechnical

   In economics, not involving money as a measure or payment.

   Grammar: Comes before nouns like 'transaction', 'cost', or 'value' in economic writing.

   Patterns

   • non-monetary transaction
   • non-monetary cost
   • non-monetary incentives

   Bartering is a non-monetary transaction: goods are swapped directly.

   Economists study non-monetary costs such as time lost in queues.

   The survey measured non-monetary incentives like public recognition.

Common combinations

non-monetary benefits

Health insurance and free meals are non-monetary benefits.

non-monetary incentives

The firm uses non-monetary incentives to motivate staff.

non-monetary value

The painting has great non-monetary value to the family.

non-monetary transaction

A swap of services is a non-monetary transaction.

Synonyms and how they differ

in-kind

Describes payment given as goods or services rather than cash; it is narrower than non-monetary and often used for donations.

intangible

Means you cannot touch it; a non-monetary benefit may still be tangible, like a free lunch.

Opposites

Word family

monetary adjective

relating to money

money noun

coins and banknotes used to buy things

monetize verb

to earn money from something

Commonly confused: non-monetary or monetary?

Practice

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Write a sentence using “non-monetary”, then check it and compare it with the examples above.

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