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English definition of “depreciate”

depreciate

verb [I or T] uk   /dɪˈpriː.ʃi.eɪt/ us  
to (cause something to) lose value, especially over time: Our car depreciated (by) £1,500 in the first year we owned it. Since they set up a builder's yard next door, our house has depreciated in value.
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Value and price decreases
(Definition of depreciate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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