plunge
verb [ I or T ]
uk/plʌndʒ/ usto go down in amount or value very quickly and suddenly:
markets/sales plunge Car sales plunged in France in June.
plunge to sth Share prices plunged $16.74, or 44%, to $20.51 a share.
plunge by sth The Dow was 40 points ahead, having plunged by 60 points shortly after the opening bell.
plunge from sth Visitor numbers plunged from 25million in 2010 to 22.8million - but they are now recovering.
Phrasal verbs
plunge in/plunge into sth
plunge (sb/sth) into sth
plunge
noun [ C ]
uk/plʌndʒ/ usa sudden and large reduction in value or amount:
We are expecting a plunge in profits this year.
Profits are being affected by the plunge in the dollar against the euro.
a plunge in prices/sales The plunge in oil prices has driven fuel bills 12% lower.
take the plunge
to make a decision to do something, especially after thinking about it for a long time:
Consumers who want to buy a home ought to take the plunge, rather than waiting for even lower mortgage rates.