Usually means: Reduce the monetary value intentionally.
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We found 16 dictionaries that define the word devaluate:

General (13 matching dictionaries)
  1. devaluate: Merriam-Webster
  2. devaluate: Oxford Learner's Dictionaries
  3. devaluate: Collins English Dictionary
  4. devaluate: Vocabulary.com
  5. devaluate: Wordnik
  6. devaluate: Wiktionary
  7. devaluate: The Wordsmyth English Dictionary-Thesaurus
  8. devaluate: Infoplease Dictionary
  9. devaluate: Dictionary.com
  10. devaluate: Rhymezone
  11. devaluate: FreeDictionary.org
  12. devaluate: Mnemonic Dictionary
  13. devaluate: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. devaluate: Legal dictionary
  2. devaluate: Financial dictionary

Computing (1 matching dictionary)
  1. devaluate: Encyclopedia

(Note: See devaluated as well.)

Definitions from Wiktionary (devaluate)

verb:  (transitive) To devalue, reduce in value.

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