Crossword Genius

Disapproving of accepting Independent losing value (12)

Ross

I believe the answer is:

depreciating

'losing value' is the definition.
(to depreciate is to lower in value)

'disapproving of accepting independent' is the wordplay.
'disapproving of' becomes 'deprecating' (to deprecate is to condemn).
'accepting' is an insertion indicator.
'independent' becomes 'i'.
'deprecating' going around 'i' is 'DEPRECIATING'.

(Another definition for depreciating that I've seen is " Losing value with time".)

I've seen this clue in The Telegraph.
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