for monetary purposes

USAGE SUMMARY

The phrase "for monetary purposes" is correct and is commonly used in written English.
You can use it when you want to describe an action that was taken for the purpose of generating or conserving money. Example sentence: We decided to open a savings account for monetary purposes.

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

They do it for monetary purposes, to sustain their practice".

The New York Times

The ECB has been buying sovereign bonds since May 2010 through its Securities Markets Programme (SMP), supposedly for monetary purposes but in reality to bring down yields in places like Italy and Spain.

The Economist

"The people who are pushing for a nonneutral world are pushing it for monetary purposes," said Cindy Cohn, legal director of the Electronic Frontier Foundation, which advocates for privacy online.

The New York Times

I guess it was inevitable that services would eventually leverage the power of links with Twitter, FriendFeed and Facebook for monetary purposes.

TechCrunch

"I didn't want to exploit my cat for monetary purposes," Rice said.

Vice

Due to Atari's unpopular dumping, Alamogordo later passed an Emergency Management Act and created the Emergency Management Task Force to limit the future flexibility of the garbage contractor to secure outside business for the landfill for monetary purposes.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

They hope that the integration of mobile and online advertising for both monetary purposes and in implementation will boost mobile ad sales.

TechCrunch

The contemporary Mohawk Doug George-Kanentiio sums up his perception of the Iroquois property view: The Iroquois have "no absolute right to claim territory for purely monetary purposes.

Wikipedia

This statement however is more of a misnomer as mobility of the caste system is never upwards and is the luxury of the higher caste and purely for commercial and monetary purposes.

Journal of Global Entrepreneurship Research

Nevertheless, it is true that sometimes such a process is being ignored intentionally for the monetary purpose or by mistake as there are many antibiotics being used these days and their usages can be quite confusing, even with a periodical training.

Human-centric Computing and Information Sciences

Even the German court admits that the ECB can buy bonds on the open market for monetary policy purposes.

The Economist

Expert writing Tips

Best practice

When using "for monetary purposes", ensure the context clearly indicates that the primary motivation is related to financial gain or economic benefit.

Common error

Avoid using "for monetary purposes" when the intention also involves other significant non-monetary goals, such as social impact or personal fulfillment. In those cases, specify all goals.

Linguistic Context

The phrase "for monetary purposes" primarily functions as an adverbial phrase, modifying a verb or clause to indicate the reason or intention behind an action. Ludwig's examples show this phrase clarifying the motivation behind actions across various contexts.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Wiki

21%

Science

21%

Less common in

Formal & Business

8%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "for monetary purposes" serves to pinpoint the reason or intention behind an action to be financial gain or economic advantage. As noted by Ludwig AI, this phrase is grammatically sound and correct to use. It appears most frequently in News & Media, Wiki, and Science contexts, and offers a neutral tone suitable for many types of writing. When deploying this phrase, ensure that the financial motivation is indeed the primary driver and avoid using it when other non-monetary factors play an equally significant role. Consider alternatives like "for financial gain" or "for economic benefit" if a slightly different nuance is desired. Ludwig provides valuable insights and examples to guide its effective use.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

for financial gain

This alternative emphasizes the profit aspect, focusing on the increase of wealth.

for economic benefit

This alternative is broader, including benefits beyond direct money, such as market share or stability.

with the aim of making money

This explicitly states the intention to generate revenue or profit.

in pursuit of profit

This alternative implies a dedicated and active effort to obtain financial rewards.

for revenue generation

This emphasizes the process of creating income, often used in a business context.

to accumulate wealth

This focuses on the long-term goal of gathering riches.

motivated by financial incentives

This focuses on the external motivation of financial rewards driving the action.

to enhance profitability

This highlights the increase in profit margin as the goal.

in order to make a profit

This explicitly expresses the intention to generate a profit.

for pecuniary reasons

This alternative uses a more formal and less common term for money, 'pecuniary'.

FAQs

How can I use "for monetary purposes" in a sentence?

You can use "for monetary purposes" to describe an action taken with the primary goal of generating or preserving money. For example, "The company invested in the new technology "for monetary purposes"."

What are some alternatives to "for monetary purposes"?

Alternatives include "for financial gain", "for economic benefit", or "in pursuit of profit". The best choice depends on the specific context.

Is it always negative to do something "for monetary purposes"?

Not necessarily. While it can sometimes imply greed or exploitation, acting ""for monetary purposes"" is often a legitimate and necessary part of business and economic activity.

What's the difference between "for monetary purposes" and "for commercial purposes"?

"For commercial purposes" is broader, encompassing any activity related to buying or selling goods or services. "For monetary purposes" specifically emphasizes the intention of generating money or profit.