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diminished - (of musical intervals) reduction by a semitone of any perfect or minor musical interval; a diminished fifth. music - an artistic form of auditory communication incorporating instrumental or vocal tones in a structured and continuous manner. decreased, reduced - made less in size or amount or degree.
Diminished value, Diminution in Value, or commonly referred to as DV are the terms generally used to describe the economic loss in a property's value as a result of having been damaged.nherent Diminished Value-Assumes optimal repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced simply because the subject vehicle now has a significant damage history. This is the most widely recognized and accepted form of Diminished Value.