downgrade

[doun-greyd]
noun
1.
a downward slope, especially of a road.
adjective, adverb
verb (used with object), downgraded, downgrading.
3.
to assign to a lower status with a smaller salary.
4.
to minimize the importance of; denigrate: She tried to downgrade the findings of the investigation.
5.
to assign a lower security classification to (information, a document, etc.).
Idioms
6.
on the downgrade, in a decline toward an inferior state or position: His career has been on the downgrade.

Origin:
1855–60, Americanism; down1 + grade

downgrader, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
downgrade (ˈdaʊnˌɡreɪd)
 
vb
1.  to reduce in importance, esteem, or value, esp to demote (a person) to a poorer job
2.  to speak of disparagingly
 
n
3.  chiefly (US), (Canadian) a downward slope, esp in a road
4.  on the downgrade waning in importance, popularity, health, etc

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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Etymonline
Word Origin & History

downgrade
1858 (n.), 1930 (v.), from down (adv.) + grade.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The underlying logic-of both downgrade and downturn-has been plain to see for a
  while.
Factors that could contribute to a downgrade are big increases in debt, thin
  operating margins, and a weak market position.
Consensus is generally sought before a downgrade is made.
As my colleague points out, the downgrade isn't surprising or particularly
  meaningful.
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