Pronunciation: (di-flā'shun), [key]
1. the act of deflating or the state of being deflated.
2. Econ.a fall in the general price level or a contraction of credit and available money (opposed to inflation). Cf. disinflation.
3. the erosion of sand, soil, etc., by the action of the wind.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.