verb.
Simple past tense and past participle of devalue.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
adjective.
lowered in value
Word Usage
"I suspect the Tea Party crowd believes that the currency of whiteness has been devalued is SET for THIS time – 2009 – and is driven by Whites who used to wear white robes to HIDE who they are ...."