It means snub, disdain. Action and effect of despising, which means belittling, dismissing, underestimating. It can also mean offense, humiliation, discredit, defamation, tort.
1º_ Attitude of removing or detracting from something or someone. In economics it is a drain applied to a fungible or devaluable good. It is formed by the prefix des- ( "without , remove" ) applied in the noun price ( "value , valuation" ) . 2º_ Inflection of the verb despise . See verbs/contempt .