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Diminishing means becoming smaller and smaller. While diminishing pain is a good thing, diminishing returns on your investment is not so welcome. The law of diminishing returns refers to the tendency at a certain point for continued effort in an area to begin producing a smaller and smaller result.
1 noun a reduction in a payment, e.g., if a companyâs or individualâs total assets are insufficient to cover their debts or legacies. 2  noun an act of reducing.  The encapsulation or removal of building materials containing pollutants (such as lead or asbestos) to prevent the release of or exposure to fibers.