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 or currency

Example:
The company is doing well monetarily.
They were compensated monetarily for their losses.