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What does erode mean?

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

Verb
  1. To wear away by abrasion, corrosion or chemical reaction.
  2. (figuratively) To destroy gradually by an ongoing process.
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Examples
These payments are not indexed for inflation, which will erode the value of the payments.
Yields on bonds are so low that any future inflation is likely to erode the rates of return on government bonds bought today.
There, seepage could erode and slough away prized fossil-bearing formations.
We can help erode the power of these Big Brothers by highlighting some home truths.
A competitor might erode the outlet's competitive advantage by offering natural beef through traditional channels.
Perhaps this checkmate will, over time, deprive the opposition of its support and erode the appeal of democracy.

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