Etymology
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cheapen (v.)

1570s, "ask the price of" (obsolete), from cheap (adj.), itself from a verb, but that had largely died out by 16c., + -en (1). Meaning "lower the price of" is from 1833, but figuratively, "to lower in estimation" is from 1650s. Related: Cheapened; cheapening.

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Definitions of cheapen

cheapen (v.)
lower the grade of something; reduce its worth;
Synonyms: degrade
From wordnet.princeton.edu