Meaning of “depreciation” in the English Dictionary

"depreciation" in English

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depreciationnoun [ U ]

uk /dɪˌpriː.ʃiˈeɪ.ʃən/ us /dɪˌpriː.ʃiˈeɪ.ʃən/

Examples from literature

  • But although the unwarranted depreciation was robbery it was not the worst feature of the methods of this greedy money-changer. 
  • During my first year in government employ the depreciation in legal-tender notes in which we were paid was very embarrassing. 
  • He had supposed that the letter in question contained a request for a remittance to cover depreciation in his account. 
  • The rapid depreciation of the continental currency, had long been viewed with apprehensive anxiety by the enlightened friends of the revolution, and various unsuccessful expedients had been essayed for the purpose of checking its progress. 
  • This general depreciation of investment securities will doubtless lead to many bankruptcies, if not to a genuine crisis. 

(Definition of “depreciation” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"depreciation" in Business English

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depreciationnoun [ U ]

uk /dɪˌpriːʃiˈeɪʃən/ us

ACCOUNTING, TAX the amount by which something, such as a piece of equipment, is reduced in value in a company's financial accounts, over the period of time it has been in use. The loss in value reduces a company's profits, and the amount of tax it must pay:

accelerated depreciation
Expenses include depreciation of equipment as well as business insurance.
a depreciation charge/deduction

ACCOUNTING the practice of spreading the cost of capital expenditure over several years, especially in order to improve cash flow

MONEY, FINANCE the amount by which a currency loses value in comparison with other currencies:

The depreciation of the dollar affected the British economy.
the depreciation of sterling against the euro
Depreciation in the peso since last December could dent sales and cut profit.

FINANCE, INSURANCE a loss of value, especially over time:

After three years, this car is projected to be worth 57% of its price when new - one of the lowest rates of depreciation of any car in any class.
The insurance guarantees that the goods will be replaced at their present market value, without any deduction for depreciation.

(Definition of “depreciation” from the Cambridge Business English Dictionary © Cambridge University Press)

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