REVALUATION

The process of altering the relative value of a currency or other standard of exchange.

"After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation."

A reassessment of the value or worth of something; a reappraisal or reevaluation.

"After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors."

The application of compound growth to the value of a pension benefit, specifically from the date of the member leaving the scheme (for example, moving to a different employer) to the date that the member starts receiving the benefit (typically retirement).