1A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
- The former is intended to compensate the host railway for depreciation of the fixed assets associated with use by other railways.
- It also ignores non-cash items such as depreciation of assets and the amortisation of acquisitions.
- It was inevitable that runaway property inflation would come to a halt but few anticipated asset depreciation in the housing market.
1.1Decrease in the value of a currency relative to other currencies: depreciation leads to losses for non-dollar-based investors a currency depreciation
More example sentences
- Initial stock market turmoil, currency depreciations, and oil price fluctuations are serious, but will probably stabilise in due course.
- Major negative influences were the continuous rise in the trade deficit and declining net investment, mainly due to the continuous rise in depreciations.
- Fixed exchange rates provided a source of constancy, and governments were no longer allowed to use competitive depreciations to promote exports.
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