Definition of Debasement:
The action or process of reducing the quality or value of something.
Debasement refers to lowering the value of a currency, particularly one based on a precious metal, by adding metal of inferior value.
Debasement has been common throughout history. In ancient times, governments would debase their currency by adding a lower value metal to the gold or silver content of the coins. By mixing the precious metals with a lower quality metal, they were able to create additional coins of the same denomination, essentially expanding the money supply.
To decrease the amount an investment is worth.
How to use Debasement in a sentence?
- In ancient times, debasement was implemented by mixing a lower value metal to the gold or silver content of coins. In modern times, governments debase a currency through monetary policy i.e., by increasing or decreasing the money supply.
- Debasement gives more money to governments for spending while it results in inflation for citizenry.
- Debasement refers to lowering the value of a currency.
Meaning of Debasement & Debasement Definition