de·val·ue

[dee-val-yoo] verb, de·val·ued, de·val·u·ing.
verb (used with object)
1.
to deprive of value; reduce the value of.
2.
to fix a lower value on (a currency).
verb (used without object)
3.
to undergo devaluation: The currency has devalued at a rapid rate.
Also, devaluate.


Origin:
1915–20; de- + value

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
devalue or devaluate (diːˈvæljuː, diːˈvæljuːˌeɪt) [Click for IPA pronunciation guide]
 
vb , -values, -valuing, -valued, -valuates, -valuating, -valuated
1.  to reduce (a currency) or (of a currency) be reduced in exchange value
2.  (tr) to reduce the value or worth of (something)
 
devaluate or devaluate
 
vb

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Devalue is one of our favorite verbs.
So is subtilize. Does it mean:
to introduce subtleties into or argue subtly about.
to flee; abscond:
Etymonline
Word Origin & History

devalue
1918, a back formation from devaluation.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
But don't devalue the lives and decisions of others who did want to do those
  things.
Compatible uses will not diminish, devalue or result in the removal of adjacent
  land from agricultural production.
But let's not, in the process, devalue the curiosity-driven pursuit of
  knowledge for its own sake.
It hasn't been able to devalue its currency, thanks to its membership in the
  euro zone.
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