depreciation
/dɪˌpriːʃɪˈeɪʃ(ə)n
/ /dɪˌpriːsɪˈeɪʃ(ə)n/noun [mass noun]
1A reduction in the value of an asset over time, due in particular to wear and tear: provision should be made for depreciation of fixed assets...
- The former is intended to compensate the host railway for depreciation of the fixed assets associated with use by other railways.
- It also ignores non-cash items such as depreciation of assets and the amortisation of acquisitions.
- It was inevitable that runaway property inflation would come to a halt but few anticipated asset depreciation in the housing market.
Synonyms
devaluation, devaluing, decrease in value, lowering in value, reduction in value, cheapening, markdown, reduction, decline, downturn, downswing, drop, slump, plunge, tumble;
North American downtick
informal nosedive, crash
1.1A decrease in the value of a currency relative to other currencies: depreciation leads to losses for non-dollar based investors [count noun]: a currency depreciation...
- Initial stock market turmoil, currency depreciations, and oil price fluctuations are serious, but will probably stabilise in due course.
- Major negative influences were the continuous rise in the trade deficit and declining net investment, mainly due to the continuous rise in depreciations.
- Fixed exchange rates provided a source of constancy, and governments were no longer allowed to use competitive depreciations to promote exports.