Depreciation

economics/accounting

  • The charges against earnings to write-off the purchase price of an asset over its useful life.
  • The decline in the value of a property or asset.

insurance

An allowance for a decrease in value of property through deterioration or damage.

foreign exchange

The decline in value of one currency in relation to another currency.

Was this article helpful?

Related Articles



Need Support?

Can't find the answer you're looking for?
Contact Support