Devalue
/diˈvæljuː/
Definitions
- (v.) To reduce the official worth of a currency relative to other currencies, affecting contractual and financial obligations.
The government decided to devalue the national currency to boost exports.
- (v.) To diminish the value or importance of an asset, right, or claim in a legal or financial context.
The court ruling effectively devalued the plaintiff's claim.
Forms
- devalue
- devalues
- devalued
- devaluing
Related terms
See also
Commentary
In legal drafting, distinguish devaluation of currency from depreciation of assets to clarify financial impacts on contracts.
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.