Deflate

[dɪ'fleɪt] or [dɪ'flet]

(verb.) become deflated or flaccid, as by losing air; 'The balloons deflated'.

(verb.) reduce or lessen the size or importance of; 'The bad review of his work deflated his self-confidence'.

(verb.) release contained air or gas from; 'deflate the air mattress'.

(verb.) collapse by releasing contained air or gas; 'deflate a balloon'.

(verb.) reduce or cut back the amount or availability of, creating a decline in value or prices; 'deflate the currency'.

(verb.) produce deflation in; 'The new measures deflated the economy'.

Typed by Kevin--From WordNet

(v. t.) To reduce from an inflated condition.

Inputed by Hodge