Meaning of the word depreciation in English
What does depreciation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
depreciation
US /dɪˌpriː.ʃiˈeɪ.ʃən/
UK /dɪˌpriː.ʃiˈeɪ.ʃən/
Noun
1.
a reduction in the value of an asset over time, due in particular to wear and tear or obsolescence.
Example:
•
The car's value suffered significant depreciation over the first three years.
•
Businesses account for depreciation to reflect the true value of their assets.
2.
a decrease in the value of a currency relative to other currencies.
Example:
•
The central bank intervened to prevent further depreciation of the national currency.
•
High inflation often leads to currency depreciation.
Learn This Word at Lingoland
Related Word: