depreciation
noun /dɪˌpriːʃiˈeɪʃn/
/dɪˌpriːʃiˈeɪʃn/
- [uncountable, countable] a decrease in value over a period of time
- currency depreciation
- The currency suffered steep depreciations in the exchange rate.
- [uncountable] (business) the act of reducing the value, as stated in the company's accounts, of a particular asset over a particular period of time
- the depreciation of fixed assets