n.
Pronunciation: ( ˌ )d ē - ˌ val-y ə - ' w ā -sh ə n, -yü- ' ā -
Function: noun
Date: 1914
1 : an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency
2 : a lessening especially of status or stature : DECLINE