I. noun
1.
a. : the fall through the air of a body free from guidance or restraint in falling (as from a parachute)
b. : the part of a parachute jump before the parachute opens
2. : the condition of unrestrained motion in a gravitational field (as when the power that drives a rocket in flight is shut off)
II. noun
: a rapid and continuing drop or decline
a free fall in stock prices