also nose-dive
(~s, nosediving, ~d)
1.
If prices, profits, or exchange rates ~, they suddenly fall by a large amount. (JOURNALISM)
The value of other shares ~d by ?2.6 billion.
= plummet
VERB: V
•
Nosedive is also a noun.
The bank yesterday revealed a 30 per cent ~ in profits.
N-SING
2.
If something such as someone’s reputation or career ~s, it suddenly gets much worse. (JOURNALISM)
Since the US invasion the president’s reputation has ~d.
VERB: V
•
Nosedive is also a noun.
He told the tribunal his career had ‘taken a ~’ since his dismissal last year.
N-SING