One of the mysteries of the English language finally explained.
1A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
devaluation, devaluing, decrease in value, lowering in value, reduction in value, cheapening, markdown, reduction, decline, downturn, downswing, drop, slump, plunge, tumbleView synonyms
- ‘In computing tax due on business profits, the trader is not given any allowance for depreciation of business assets.’
- ‘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.’
- ‘The former is intended to compensate the host railway for depreciation of the fixed assets associated with use by other railways.’
- ‘Consequently the capital service flow, or depreciation of the asset, cannot be readily determined with any precision.’
- 1.1 A decrease in the value of a currency relative to other currencies.‘depreciation leads to losses for non-dollar-based investors’‘a currency depreciation’
- ‘Many people have asked me exactly where I stand on currency depreciation.’
- ‘Major negative influences were the continuous rise in the trade deficit and declining net investment, mainly due to the continuous rise in depreciations.’
- ‘If one country has higher inflation than its trading partners, its currency band should be lowered to facilitate a gradual depreciation of its currency.’
- ‘Initial stock market turmoil, currency depreciations, and oil price fluctuations are serious, but will probably stabilise in due course.’
- ‘Fixed exchange rates provided a source of constancy, and governments were no longer allowed to use competitive depreciations to promote exports.’
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