The Collaborative International Dictionary
Depreciate \De*pre"ci*ate\ (d[-e]*pr[=e]"sh[i^]*[=a]t), v. t.
[imp. & p. p. Depreciated
(d[-e]*pr[=e]"sh[i^]*[=a]`t[e^]d); p. pr. & vb. n.
Depreciating (d[-e]*pr[=e]"sh[i^]*[=a]`t[i^]ng).] [L.
depretiatus, depreciatus, p. p. of depretiare, -ciare, to
depreciate; de- + pretiare to prize, fr. pretium price. See
Price.]
To lessen in price or estimated value; to lower the worth of;
to represent as of little value or claim to esteem; to
undervalue.
--Addison.
Which . . . some over-severe philosophers may look upon
fastidiously, or undervalue and depreciate.
--Cudworth.
To prove that the Americans ought not to be free, we
are obliged to depreciate the value of freedom itself.
--Burke.
Syn: To decry; disparage; traduce; lower; detract; underrate. See Decry.
Wiktionary
vb. (en-past of: depreciate); reduced in value over time.