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noun
1.
an official lowering of the exchange value of a country's currency relative to gold or other currencies.
2.
a reduction of a value, status, etc.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To Devaluations
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Devaluations
is always a great word to know.
So is gobo. Does it mean:
| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| a screen or mat covered with a dark material for shielding a camera lens from excess light or glare. |
Etymonline
Word Origin & History
devaluation
1898, from de- + valuation. Specific application to currency is from 1914.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
devaluation definition
A policy undertaken by a nation to reduce the value of its national currency either in relation to gold or in relation to the currencies of other nations.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
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