The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

DEPRECIATION Definition & Legal Meaning

Definition & Citations:

1.converting the cost of an asset into an operational cost over the lifetime. 2. a decline in market value of any asset. 3. a decrease in potential of an asset over lifetime. 4. reduction in currency value by government or floating exchange rate.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.