To lessen the value of; bring down in value or rate: as, to depreciate goods or prices; to depreciate railroad stocks.To undervalue or underrate; represent as of little value or merit, or of less than is commonly supposed; belittle.Synonyms To lower.Disparage, Detract from, etc. (see decry); to traduce, underrate, slur.To fall in value; become of less worth: as, a paper currency will depreciate unless it is convertible into specie; real estate is depreciating.