depreciatede·pre·ci·ate /dɪˈpriːʃieɪt/ verb1[intransitiveI] to decrease in value over a period of timeIf you don’t get your car serviced regularly, it will depreciate quickly.
2[intransitiveI, transitiveT]FINANCE if a currency depreciates, it goes down in value compared to the currencies of other countriesPeople will switch to dollars, depending on how much they think the exchange rate will depreciate.
Mexico’s central bank was committed to depreciating the peso by no more than 6.6% against the dollar.
3[transitiveT]ACCOUNTINGTAXLAW to reduce the value of a FIXED ASSET over the particular period of time allowed under tax lawOther fixed assets are depreciated on a straight line basis at annual rates which vary according to the class of asset.