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LSDefine

Simple English definitions for legal terms

devaluation

Read a random definition: Lord Clerk Register

A quick definition of devaluation:

Devaluation: When the value of one type of money goes down compared to another type of money, it is called devaluation. This means that you will need more of the first type of money to buy the same things you could buy before. The opposite of devaluation is revaluation.

A more thorough explanation:

Definition: Devaluation is when the value of one currency decreases compared to another currency. This is different from revaluation, which is when the value of a currency increases.

Example: Let's say that one US dollar is worth one euro. If the US dollar is devalued, it might now be worth only 0.8 euros. This means that it takes more US dollars to buy the same amount of goods or services that could be purchased with fewer dollars before the devaluation.

Another example: In 2016, the United Kingdom voted to leave the European Union. This caused the value of the British pound to decrease compared to other currencies, including the US dollar and the euro. This was a devaluation of the pound.

These examples illustrate how devaluation can affect the purchasing power of a currency. When a currency is devalued, it becomes less valuable compared to other currencies. This can make imports more expensive and exports cheaper, which can have an impact on international trade and the economy as a whole.

devadiatus | devastation

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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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