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The Collaborative International Dictionary
Depreciatory

Depreciatory \De*pre"ci*a*to*ry\ (d[-e]*pr[=e]"sh[i^]*[.a]*t[-o]*r[y^] or d[-e]*pr[=e]"sh[.a]*t[-o]*r[y^]), a. Tending to depreciate; undervaluing; depreciative.

Syn: belittling, depreciative, deprecatory, depreciatory, derogatory, detractive, detracting, slighting, pejorative, denigratory.

Wiktionary
depreciatory

a. pertaining to depreciation

WordNet
depreciatory
  1. adj. tending to decrease or cause a decrease in value; "a depreciating currency"; "depreciatory effects on prices" [syn: depreciating, depreciative]

  2. tending to diminish or disparage; "belittling comments"; "managed a deprecating smile at the compliment"; "deprecatory remarks about the book"; "a slighting remark" [syn: belittling, deprecating, deprecative, deprecatory, depreciative, slighting]

Usage examples of "depreciatory".

It is, however, probable that primeval man before he had acquired much moral sensitiveness would have been highly sensitive about his personal appearance, at least in reference to the other sex, and he would consequently have felt distress at any depreciatory remarks about his appearance.

Nay, she would not listen to a depreciatory word on him from her cousin Henrietta Kirby-Levellier.