Source : Webster's Revised Unabridged Dictionary (1913)

Debasement \De*base"ment\, n.
   The act of debasing or the state of being debased. --Milton.

Source : WordNet®

debasement
     n 1: being mixed with extraneous material; the product of
          adultering [syn: {adulteration}]
     2: changing to a lower state (a less respected state) [syn: {degradation}]