|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.