devaluation

play
noun de·val·u·a·tion \(ˌ)dē-ˌval-yə-ˈwā-shən, -yü-ˈā-\

Definition of devaluation

  1. 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. 2 :  a lessening especially of status or stature :  decline

1914

First Known Use of devaluation

1914


Law Dictionary

devaluation

play
noun de·val·u·ation \(ˌ)dē-ˌval-yə-ˈwā-shən\

Legal Definition of devaluation

  1. 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. 2 :  a lessening of the value of something (as an asset) portfolio devaluation



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