REVALUATION Meaning and
Definition
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Revaluation refers to the process of reassessing or reevaluating the value or worth of something, especially in the context of finance or economics. It involves reviewing and analyzing the current or existing value of an asset, currency, investment, or item, with the intention of adjusting or recalculating its value based on various factors or circumstances.
In financial accounting, revaluation is often used to adjust the value of fixed assets, such as real estate, machinery, or equipment, to reflect their fair market value at a specific point in time. This process is usually undertaken periodically, as the value of these assets may change due to factors such as inflation, changes in demand or supply, technological advancements, or other economic conditions.
Revaluation can also pertain to currencies. In a floating exchange rate system, where currency values fluctuate based on market forces, revaluation refers to a government's deliberate decision to increase the value of its currency relative to other currencies, often by reducing its supply or by adopting policies to strengthen its economy. This can affect imports and exports, trade balances, and overall economic competitiveness.
Additionally, revaluation can be used more broadly to assess or reassess the worth or significance of something. It can involve reevaluating personal beliefs, opinions, or attitudes in light of new information or experiences. In this sense, revaluation represents a process of critical analysis and reflection aimed at improving understanding and decision-making.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for REVALUATION *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for REVALUATION
Etymology of REVALUATION
The word "revaluation" is derived from the combination of two elements: "re-" and "-valuation".
The prefix "re-" is of Latin origin and means "again" or "back", indicating repetition or reversal. It implies the act of doing something again or going back to a previous state.
The suffix "-valuation" is derived from the verb "value", which comes from the Latin word "valere", meaning "to be strong" or "to be worth". "Valuation" refers to the act of assessing or determining the worth or value of something.
So, when combined, "revaluation" essentially means to assign a new value or reassess the worth of something that has already been valued or evaluated before.
Similar spelling words for REVALUATION
- rehabilitation,
- reaffiliation,
- revolution,
- reevaluation,
- revolutionise,
- revolutionize,
- reflation,
- revolutionary,
- revelation,
- revolutionist,
- reevaluate.
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