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1 : to damage or make worse by or as if by diminishing [ed health]
2 : to diminish the value of (property or property rights)
: to diminish the value of (legal contractual obligations) to the point that a party loses the benefit of the contract or the contract otherwise becomes invalid [a law ing a state's own obligations was entitled to less deference "Gerald Gunther"] see also contract clause
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.