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What does erode mean?

Looking for the meaning or definition of the word erode? Here's what it means.

Verb
  1. To wear away by abrasion, corrosion or chemical reaction.
  2. (figuratively) To destroy gradually by an ongoing process.
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Examples
These payments are not indexed for inflation, which will erode the value of the payments.
We can help erode the power of these Big Brothers by highlighting some home truths.
There, seepage could erode and slough away prized fossil-bearing formations.
Sometimes there is enough accompanying inflation to create negative real interest rates and erode the real value of debt.
That, however, is regarded as a radical solution, since it would erode the value of savings and amount to a huge transfer of wealth to borrowers.
Most of the fields are class 2 or 3 soils because of their rockiness and steep slope, which make them erode easily.

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