Debasement
1. To lower the value, quality or status of something or someone.
2. To lower the value (of a coin) by adding metal of inferior value. Investopedia Says:
In other words, debasement is the degrading of the value of something or character of someone. In the context of coins, it is the process of melting down a coin and mixing it with a lower quality metal to create additional coins of the same denomination. Related Terms:
Bullion
Devaluation
Dilution
Fool's Gold
Gold Standard
Precious Metals
Silver |