Debasement


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

Debasement

The act of lowering the value of something, especially a coin. In the past, a government would melt coins down and mix them with a metal of lower value in order to create more coins of the same denomination. This inevitably caused inflation, though it is unclear how well these governments understood that. Because few currencies are now based on a precious metal, debasement it rare.
References in periodicals archive ?
But there is another very serious form of debasement and that is the exchange rate.
Putting it somewhat schematically: Landreth argues that the debasement prompted the so-called "commonwealths-men" of the mid-sixteenth century--Thomas Smith, Hugh Latimer, and others--to recast the traditional language of complaint "to posit a productive relation among the forces of social transformation such that the expanding power of the Crown might harmonize the changing material relations among its subjects.
The upshot from a tactical perspective is that further debasement of G7 currencies is a positive for EM risk assets - as long as there isn't an inflation or growth scare.
Weakening of the US dollar after announcement of QE3, talks of inflation and currency debasement are factors to send the yellow metal higher.
The position of this flaw, in the lowliest and most disregarded portion of the body, synonymous with ignominy and debasement, reflects the earthbound nature of human weakness, as it is perceived in classical and Western thought.
Well, we are just to blame as Prof Wa Thiong'o said because we allow ourselves to be subjected to such debasement by taking it flush on the jaw each time the punch is unleashed
The topics include urban typologies of Henri Pirenne and Max Weber, historians' views of violence and urban revolts in Medieval Flanders, constitutional discourse in illuminated English law books, the crossbow bolt as a case of military industrial production in 13th-century England, the case of the disappearing mintmaster, and whether coinage debasement in Burgundian Flanders 1384-1482 was monetary or fiscal policy.
Like The Death of Artemio Cruz, Fuentes's 12th novel explores the corruption of Mexico's elite, the debasement of revolutionary ideals, and the tragic history of cultures in conflict.
For all the comic debasement, there was a certain searing honesty beneath the show's artifices and a Knowing pain underscoring a diverse set.
Initially, this led to a extrinsic debasement in a interbank rate as banks searched for resources to accommodate their customers requirements.
For the purpose of review it must be emphasized that although this is an abridgement it is in no way a debasement.
This debasement of democratic debate is not new to the Lebanese, who have since well into the Civil War watched their representatives repeatedly engage in simplistic debate that has no relevance to the issues that affect their lives on a daily basis.