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We found 2 dictionaries with English definitions that include the word diminished value:
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General dictionaries General (2 matching dictionaries)
  1. diminished value: Wiktionary [home, info]
  2. Diminished value: Wikipedia, the Free Encyclopedia [home, info]

Quick definitions from Wiktionary (diminished value)

noun:  (law, insurance) A compensable loss in a property item's value after having been damaged and subsequently repaired or, in the case of a construction, having been constructed improperly or not according to contract.

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