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verb (used without object), derogated, derogating. 1. to detract, as from authority, estimation, etc. (usually followed by from). 2. to stray in character or conduct; degenerate (usually followed by from). verb (used with object), derogated, derogating. 3. to disparage or belittle.
DEFINITION of 'Derogatory Information'. Information on a person's credit report that can be legally used to turn down a loan application; it includes late payments, charge-offs and bankruptcies.