WordofTheDay.US

revaluation

noun

noun Definition from Wiktionary (CC BY-SA). More about revaluation at Wordnik → Where our words come from →

  1. The process of altering the relative value of a currency or other standard of exchange.
    After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation.
  2. A reassessment of the value or worth of something; a reappraisal or reevaluation.
    After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors.
  3. The application of compound growth to the value of a pension benefit, specifically from the date of the member leaving the scheme (for example, moving to a different employer) to the date that the member starts receiving the benefit (typically retirement).