Depreciation 1 : An allowance for a decrease in value of property through wear, deterioration, obsolescence, or damage; it may be expressed as a dollar amount or a percentage of the property sound value
Association of Marine Underwriters of San Francisco (AMUSF), Glossary of Marine Insurance and Shipping Terms, http://www.amusf.com/Definitions_A.htm, CA, USA 2011. (Mrtm Insur and Shipping - Amer) {575}