'deflation' definitions:

Definition of 'deflation'

From: WordNet
noun
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind; "a constant deflation of the desert landscape"
noun
A contraction of economic activity resulting in a decline of prices [ant: disinflation, inflation, rising prices]
noun
The act of letting the air out of something [ant: inflation]

Definition of 'deflation'

From: GCIDE
  • deflation \deflation\ n.
  • 1. the act or process of deflating. [PJC]
  • 2. a fall in the average prices of goods and services; -- usually associated with contraction of economic activity. Opposite of inflation. Compare disinflation. [PJC]
  • 3. the reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices. [WordNet 1.5]
  • 4. the act of letting the air out of something. [WordNet 1.5]
  • 5. (Geol.) the erosion of land structures such as sand or soil due to the action of wind. --RHUD [PJC]

Words containing 'deflation'