Revaluation
(noun)
- An act of reassessing the value or worth of something, especially currency.
- A change in the exchange rate or value of a currency in relation to other currencies, due to official action or market conditions.
- A reassessment of the value or worth of an asset, property, or stock.
Origin:
Derived from the verb 'revalue' meaning 'to re-assess the worth of something', the word has been in use since the late 19th century.
Examples:
- The revaluation of the currency caused widespread changes in the economy.
- The revaluation of the stock led to a significant increase in the company's worth.
- The revaluation of the property was based on its improved condition and location.
- The revaluation of the asset portfolio was done to optimize the investments.
- The revaluation of the antiques collection was done by a team of experts.