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English definition of “depreciate”

depreciate

verb [I or T]     /dɪˈpriː.ʃi.eɪt/
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 . → Compare appreciateValue and price decreases
(Definition of depreciate verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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