The loss of the value of real estate due to changes outside the particular property affected, e.g., a decline in the neighborhood or change in zoning.

The loss of value of real estate due to changes occurring outside of the affected property, such as a decline in the neighborhood or changes in zoning.... read full article

is the decline in real estate property value caused by external forces, such as neighborhood blight or adverse development.

An opportunity cost of a firm using capital that it owns—measured as the change in the market value of capital over a given period. (p. 259)

The change in the market price of a piece of capital over a given period.

In economics, economic depreciation is seen as the change in the market value of capital over a given period. It is calculated as the market price of the capital at the beginning of the period minus its market price at the end of the period.

Economic Life