depreciate Definition in Cambridge British English Dictionary
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Definition of "depreciate" - British English Dictionary

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depreciateverb [I or T]

uk   us   /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. In the last year our house has depreciated in value.
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(Definition of depreciate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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