obsolescence

obsolescence definition - legal

n

  1. A process or condition of becoming useless or obsolete.
  2. A diminishing of a propertyÂ’s value or usefulness, especially because of innovations in technology, as distinguished from physical decay. See also depreciation.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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