revaluation

Noun

revaluation (countable and uncountable, plural revaluations)

1. The process of altering the relative value of a currency or other standard of exchange.
   • After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation.
2. A reassessment of the value or worth of something; a reappraisal or reevaluation.
   • After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors.
   • It is, then, for the sake of the “higher” man that the values of Christian morality must be abandoned, and it is from this perspective that the revaluation of values takes place.1973, Philippa Foot, “Nietzsche: The Revaluation of Values”, in Robert C. Solomon, Garden City, New York, editors, Nietzsche: A Collection of Critical Essays, Anchor Books, →ISBN, page 162
3. (UK, pensions) The application of compound growth to the value of a pension benefit, specifically from the date of the member leaving the scheme (for example, moving to a different employer) to the date that the member starts receiving the benefit (typically retirement).