Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A descending slope, as in a road.
  • n. A turn or trend downward.
  • n. A decline, as in fortune, status, or condition: a neighborhood on the downgrade.
  • transitive v. To lower the status or salary of.
  • transitive v. To minimize the importance, value, or reputation of. See Synonyms at decry, demote.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A reduction of a rating, as a financial or credit rating.
  • v. To place lower in position.
  • v. To 'dumb down', reduce in complexity, or remove unnecessary parts.
  • v. to reduce the official estimate of a storm's intensity.
  • v. To revert software back to an older version.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • v. rate lower; lower in value or esteem
  • n. the property possessed by a slope or surface that descends

Etymologies

From down- +‎ grade. (Wiktionary)

Examples

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