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depreciate (verb) lower or lessen the value or price; to decrease in value; make a person or a thing seem as of little value.
Nothing is new once it has been bought. From the minute you buy a thing, its value decreases, that is, it depreciates. Its price decreases after its use for sometime. Your car depreciates with its use. That is, the longer you use it, the less will be its value and the less the money it fetches if it is sold. When you seem not to recognize the greatness or the importance of something or someone, you depreciate it or the person. You depreciate someone's services if you treat them as unimportant. A person's role in an organization is depreciated if it is not considered significant.
- The building, though worth a lot in view of the quality material used in its construction, has depreciated a lot because of its long neglect by the owners, and will sell for less than half the price it deserves.
- I have used the car for just nine months, but it has depreciated because of the vast mileage it has covered and it is now estimated to have depreciated by more than 20 percent.