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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
Yields on bonds are so low that any future inflation is likely to erode the rates of return on government bonds bought today.
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.
Perhaps this checkmate will, over time, deprive the opposition of its support and erode the appeal of democracy.
Sometimes there is enough accompanying inflation to create negative real interest rates and erode the real value of debt.
These payments are not indexed for inflation, which will erode the value of the payments.
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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