Main Entry: de·val·u·a·tion

Pronunciation: \(ˌ)dē-ˌval-yə-ˈwā-shən, -yü-ˈā-\

Function: noun

Date: 1914

1 : an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency
2 : a lessening especially of status or stature : decline