To bring something under fiscal control; to subject to taxation or financial regulation by the government.
From 'fiscal' (from Latin 'fiscalis') plus the suffix '-ize' meaning 'to make or cause to become.' This modern verb was created to describe the process of integrating informal or unregulated economic activity into the formal financial system.
Governments are constantly trying to fiscalize the 'shadow economy'—the billions in cash transactions, gig work, and cryptocurrency that nobody pays taxes on. It's a modern arms race between authorities and those trying to stay off the books.
Complete word intelligence in one call. Free tier — 50 lookups/day.