verb
To decline in value or quantity
To lower in reputation
to depreciate is to lessen (something) in value as by implying that it has less worth than is usually attributed to it he depreciated her generosity; to disparage is to attempt to lower in esteem, as by insinuation, invidious comparison, faint praise; decry implies vigorous public denunciation, often from the best of motives to decry corruption in government; belittle implies depreciation, but stresses a contemptuous attitude in the speaker or writer; minimize suggests an ascription of the least possible value or importance don't minimize your own efforts
See depreciate in Webster's New World Roget's A-Z Thesaurus II
Learn more about depreciate