devaluation

de- +‎ valuation

• Rhymes: -eɪʃən

devaluation (countable and uncountable, plural devaluations)

1. The removal or lessening of something's value.
   • 2016, Lorraine Giordano, Beyond Taylorism, page 28:

     According to Braverman's thesis, Taylorism, or scientific management, has been the key feature in the devaluation and dequalification of work.

2. (economics) The intentional or deliberate lowering of a currency's value compared to another country's currency or a standard value (e.g. the price of gold).
3. Depreciation.