Etymology
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demagnetize (v.)

"deprive of magnetic polarity," 1835; see de- + magnetize. Related: Demagnetized; demagnetizing.

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Definitions of demagnetize

demagnetize (v.)
make nonmagnetic; take away the magnetic properties (of);
demagnetize the iron shavings
Synonyms: demagnetise / degauss
From wordnet.princeton.edu