Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “downgrade”

downgrade

verb [T]
 
 
/ˌdaʊnˈɡreɪd/ US   /ˈdaʊnɡreɪd/
FINANCE to state that something such as a company is likely to produce less profit or growth, to be less able to pay back debt, etc. than was previously thought: downgrade stocks/sharesdowngrade sth's rating/status Investment bank Merrill Lynch downgraded the company's status from 'buy' to 'neutral'. The Chancellor blamed higher oil prices for the downgraded growth forecast.
HR to make a job less senior, skilled, or important than before, or to put someone into a less senior or important job: The new contracts effectively downgraded their jobs to match their colleagues' lower pay. The agreement may lead to one in six staff being downgraded.
(Definition of downgrade verb from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of downgrade?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “downgrade”

Definitions of “downgrade” in other dictionaries

Word of the Day

first:

(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More