de·base (dĭ-bās') tr.v. de·based, de·bas·ing, de·bas·es To lower in character, quality, or value; degrade. See Synonyms at adulterate, corrupt, degrade. [de- + base2.] de·base'ment n., de·bas'er n. |
Debasement
1. To lower the value, quality or status of something or someone.
2. To lower the value (of a coin) by adding metal of inferior value.
Investopedia Commentary
In other words, debasement is the degrading of the value of something or character of someone. In the context of coins, it is the process of melting down a coin and mixing it with a lower quality metal to create additional coins of the same denomination.
Related Links
The Gold Standard Revisited
See also: Bullion, Devaluation, Dilution, Fool's Gold, Gold Standard, Precious Metals, Silver