- deflate⇄deflate, verb, -flated,-flating.
- deflate⇄v.i. 1. to become deflated.
Ex. A punctured tire quickly deflates.
2. to reduce the amount of available money in circulation; cause deflation.
Ex. The Chancellor ... wanted to deflate--to take spending money out of the economy (Manches - deflate⇄v.t. 1. to let air or gas out of (a balloon, tire, football, or other inflated thing); collapse.
Ex. We found that a nail had deflated the tire.
2. (Figurative.) to reduce the amount, size, or importance of; reduce.
Ex. to deflate curr