DEBASEMENT

Debasement

Debasement is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel is reduced.

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debasement

Noun

  1. The act of debasing or the state of being debased; a lowering, especially in character or quality.
  2. The lowering of the value of a currency by reducing the amount of valuable metal in the coins.


The above text is a snippet from Wiktionary: debasement
and as such is available under the Creative Commons Attribution/Share-Alike License.

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