Meaning & use
nonmonetary
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Meaning
adjectivebefore a nounformalspecialist
Not relating to money or not consisting of money; not financial.
Grammar: Used before a noun: nonmonetary benefits, nonmonetary assets.
Patterns
- nonmonetary benefits
- nonmonetary assets
- nonmonetary incentives
The job offers nonmonetary benefits such as flexible hours and free meals.
In economics, nonmonetary factors like reputation can influence prices.
The report distinguishes between monetary and nonmonetary rewards.
Common combinations
- nonmonetary benefits
- Nonmonetary benefits can be just as motivating as a pay rise.
- nonmonetary assets
- The company's nonmonetary assets include patents and trademarks.
- nonmonetary incentives
- They used nonmonetary incentives like public recognition to reward staff.
- nonmonetary value
- The painting has great nonmonetary value to the family.
Synonyms and how they differ
- nonfinancial
- Nonfinancial is broader and can mean not related to finance in general, while nonmonetary specifically contrasts with money.
- in-kind
- In-kind means given as goods or services rather than money, but it is used mainly for payments or donations.
Opposites
Word family
- monetary adjective
- Relating to money or currency.
Commonly confused: nonmonetary or non-monetary?
nonmonetary vs non-monetary
Some British writers use a hyphen, but the standard American spelling is nonmonetary without a hyphen.
Practice
Which sentence uses 'nonmonetary' correctly?
Choose one answer.
Nonmonetary describes something not involving money, so 'nonmonetary rewards like learning new skills' fits. The other options incorrectly use it with money-related words like salary, coins, or fee.
Make it your own
Write a sentence using “nonmonetary”, then check it and compare it with the examples above.