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1 abbreviate, attenuate, curtail, decrease, diminish, downsize, miniaturize, prune, reduce, shrink 
2 belittle, decry, deprecate, depreciate, discount, disparage, make light  or  little of, play down, underestimate, underrate 
 
Antonyms  
 augment, boast about, elevate, enhance, enlarge, exalt, expand, extend, heighten, increase, magnify, praise, vaunt