Etymology
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depreciatory (adj.)

"tending to undervalue or lower in value," 1755 (depretiatory); see depreciate + -ory.

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Definitions of depreciatory

depreciatory (adj.)
tending to decrease or cause a decrease in value;
depreciatory effects on prices
Synonyms: depreciating / depreciative
depreciatory (adj.)
tending to diminish or disparage;
Synonyms: belittling / deprecating / deprecative / deprecatory / depreciative / slighting
From wordnet.princeton.edu