Currency Depreciation
/ˈkɜːrənsi dɪˌpriːʃiˈeɪʃən/
Definitions
- (n.) A decrease in the value of a nation's currency relative to foreign currencies, affecting international trade and financial obligations.
The contract included clauses to address risks arising from currency depreciation.
Forms
- currency depreciation
- currency depreciations
Related terms
See also
Commentary
In legal drafting, currency depreciation clauses often anticipate shifts in exchange rates to allocate financial risk between contractual parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.