/'plʌmɪt/, plunge /plʌndʒ/ verb
to fall sharply
Share prices plummeted or plunged on the news of the devaluation.
‘…in the first six months of this year secondhand values of tankers have plummeted by 40%’ [Lloyd’s List]
‘…crude oil output plunged during the past month’ [Wall Street Journal]

Dictionary of banking and finance. 2015.

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  • plummet — plum‧met [ˈplʌmt] verb [intransitive, transitive] to suddenly and quickly go down in value or amount; = PLUNGE: • House prices have plummeted. • The Nikkei index plummeted by 577.38 points yesterday. • Its stock plummeted 19% after an investment …   Financial and business terms

  • Plummet — Plum met, n. [OE. plommet, OF. plommet, fr. plom, plum, lead, F. plomb. See {Plumb}.] 1. A piece of lead attached to a line, used in sounding the depth of water. [1913 Webster] I ll sink him deeper than e er plummet sounded. Shak. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Plummet — may refer to one of the following:* Plumb bob, a weight with a pointed tip on the bottom that is suspended from a string and used as a reference line that is perpendicular to the ground *Sinker (fishing) * Plummet (musicians), a trance duo: See… …   Wikipedia

  • plummet — [v] fall hard and fast collapse, crash, decline, decrease, descend, dip, dive, downturn, drop, drop down, dump, fall, nose dive, plunge, precipitate, sink, skid, stoop, swoop, tumble; concepts 181,698,763 Ant. ascend, rise, shoot up …   New thesaurus

  • plummet — ► VERB (plummeted, plummeting) 1) fall or drop straight down at high speed. 2) decrease rapidly in value or amount. ► NOUN 1) a steep and rapid fall or drop. 2) a plumb bob or plumb line. ORIGIN …   English terms dictionary

  • plummet — [plum′it] n. [ME plomet < MFr plommet, dim. of plomb: see PLUMB] 1. a) PLUMB BOB b) PLUMB (n. ) 2. a thing that weighs heavily vi …   English World dictionary

  • plummet — v. (d; intr.) to plummet to (to plummet to earth) * * * [ plʌmɪt] (d; intr.) to plummet to (to plummet to earth) …   Combinatory dictionary

  • plummet — {{11}}plummet (n.) late 14c., ball of lead, plumb of a bob line, from O.Fr. plomet, dim. of plom sounding lead (see PLUMB (Cf. plumb) (n.)). {{12}}plummet (v.) 1620s, from PLUMMET (Cf. plummet) (n.). Originally to fathom, take soundings; meaning… …   Etymology dictionary

  • plummet — plum|met [ˈplʌmıt] v also plummet down [Date: 1900 2000; Origin: plummet [i] metal weight on a plumb line (14 21 centuries), from Old French plommet small ball of lead , from plomb; PLUMB1] 1.) to suddenly and quickly decrease in value or amount …   Dictionary of contemporary English

  • plummet — 1) a cone shaped lead weight with a loop at the top and a cork base. A hook at the end of a fishing rig is threaded through the loop and embedded in the cork. The rig is cast out and the …   Dictionary of ichthyology

  • plummet — 1. noun /ˈplʌm.ət/ a) A piece of lead attached to a line, used in sounding the depth of water. Ill sink him deeper than eer plummet sounded. Shak. b) A plumb bob or a plumb line. His parachute was shot half away, and if hed jumped he would have… …   Wiktionary

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