devaluation

(n.) A sudden drop in price due to the decision of a superior. Not to be confused with depreciation.

The dollar took another devaluation against the pound and euro today. Pretty soon it'll be back to 1950's standards and we can buy shit in cheaply.

by Gumba Gumba May 13, 2004

Devaluized

To lessen or cancel the value of.
To lower the exchange value of (a currency) by lowering its gold equivalency.

The Nobel peace prized was devaluized when presented to a former president.

by Murlae October 9, 2009