depreciate
verb (used with object)
to reduce the purchasing value of (money).
Used to describe an action that began in the past, has continued continuously, and is still in progress.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
They were relatively low in 1948 because businessmen then were "writing-off" depreciation expenses on machinery that they had bought at relatively low prewar prices; lately businessmen have been depreciating much costlier postwar equipment.
From Time Magazine Archive
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