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To release contained air or gas from.
(verb-transitive)
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To collapse by releasing contained air or gas.
(verb-transitive)
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To reduce or lessen the size or importance of: Losing the contest deflated my ego.
(verb-transitive)
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Economics To reduce the amount or availability of (currency or credit), effecting a decline in prices.
(verb-transitive)
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Economics To produce deflation in (an economy).
(verb-transitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.