Source : Webster's Revised Unabridged Dictionary (1913)

Minimize \Min"i*mize\, v. t. [imp. & p. p. {Minimized}; p. pr. &
   vb. n. {Minimizimg}.]
   To reduce to the smallest part or proportion possible; to
   reduce to a minimum. --Bentham.

Source : WordNet®

minimize
     v 1: make small or insignificant; "Let's minimize the risk" [syn:
           {minimise}] [ant: {maximize}, {maximize}]
     2: represent as less significant or important [syn: {understate},
         {minimise}, {downplay}] [ant: {overstate}]
     3: belittle; "Don't belittle his influence" [syn: {belittle}, {denigrate},
         {derogate}]