DEBASED - meaning and definition. What is DEBASED
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What (who) is DEBASED - definition

PRACTICE OF LOWERING THE VALUE OF CURRENCY; FINANCIAL GAIN FOR THE SOVEREIGN AT THE EXPENSE OF CITIZENS
Debase; Coin debasement; Currency debasement; Debasement of currency; Debasing; Base silver; Debased silver

Debased      
·Impf & ·p.p. of Debase.
II. Debased ·adj Turned upside down from its proper position; inverted; reversed.
debased      
see debase
debasement         
Debasement is the action of reducing the value or quality of something. (FORMAL)
...the debasement of popular culture.
N-UNCOUNT: oft N of n

Wikipedia

Debasement

A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.

Debasement is a practice of governments, and in government debasement, governments make their debased coins legal tender, which is not something private minters can do given that the practice cannot be easily engaged in without a government requiring that people accept debased coins.

Examples of use of DEBASED
1. In our own times, indignation is debased by the media.
2. Today, Britishness has been debased by our own government.
3. If the value of such pledges is debased, how should the world respond?
4. On this page yesterday, Charles Clarke complained that political language was being debased.
5. But what can you expect from a Prime Minister who has debased the honours system?