Definition

A reduction in the value of something over time, often due to wear and tear or changes in market conditions.

Example

The depreciation of the car made it less valuable when I tried to sell it.

Conversation

Have you heard about the depreciation of that car model?

Yeah, it's crazy how fast it loses value after a year.

I didn't expect such rapid depreciation in a new vehicle.

Right? It makes you think twice before buying a brand new car.

Synonyms & Antonyms

Root Explanation

Depreciation → It is formed from "de-" (meaning down or away) and "pretium" (meaning price or value). The word describes the process of reducing the value or price of something over time.

Memory Tip

Think of 'de-' meaning down and 'pretium' meaning price — depreciation is the process of the price going down.

Visually Confused Words