| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
depreciation (dɪˌpriːʃɪˈeɪʃən) ![]() | |
| —n | |
| 1. | accounting |
| a. the reduction in value of a fixed asset due to use, obsolescence, etc | |
| b. the amount deducted from gross profit to allow for such reduction in value | |
| 2. | accounting a modified amount permitted for purposes of tax deduction |
| 3. | the act or an instance of depreciating or belittling; disparagement |
| 4. | Compare devaluation a decrease in the exchange value of currency against gold or other currencies brought about by excess supply of that currency under conditions of fluctuating exchange rates |
A decline over time in the value of a tangible asset, such as a house or car.