Meaning of the word monetarily in English

What does monetarily mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

monetarily

US /ˌmɑː.nəˈter.əl.i/
UK /ˈmʌn.ɪ.trə.li/

Adverb

in a way that relates to money:

Example:
They could be compensated monetarily.