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What does devaluating mean?

Looking for the meaning or definition of the word devaluating? Here's what it means.

Verb
  1. present participle of devaluate
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This denigration can take the form of devaluating the characters' intelligence through infantilization.
Today, they give the same old unbacked money a pretty facelift every few years and then go about devaluating it still further.

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