Meaning & Definition of word "Devaluation"
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Devaluation
/diːˈvæl.juː.eɪ.ʃən/
noun:
- 1. The reduction or underestimation of the worth or importance of something, particularly in terms of currency.
- Example: The government's decision to implement a devaluation of the national currency was met with protests from economists.
- 2. A decrease in the value of a currency as related to other currencies.
- Example: After the devaluation, the country experienced a spike in inflation rates.
- 3. The act of lessening or diminishing the value of a particular good or service.
- Example: Devaluation of real estate can lead to significant financial losses for homeowners.
Etymology
Early 20th century: from de- 'reduction' + valuation.
Common Phrases and Expressions
currency devaluation:
A specific term for the decrease in the value of a country's currency.
devaluation of standards:
Refers to the reduction in quality or importance of norms and values.
Related Words
devalue:
To reduce or underestimate the worth or importance of something.
valuation:
The analytical process of determining the current worth of an asset or a company.
Slang Meanings of devaluation
Meaning: Drop in currency value.
Example Sentence: After that devaluation, everything feels more expensive.
Meaning: Loss of importance.
Example Sentence: There's been a real devaluation of what it means to work hard these days.