Plummet

Plummet (verb) refers to the action of falling or dropping suddenly and steeply, often in a swift manner. It conveys the idea of a rapid decrease in value, quality, or quantity. The term can apply to both physical objects falling downward and abstract concepts such as stock prices or morale declining sharply. The etymology of the word originates from the Latin term 'plumbum,' meaning lead, and signifies something heavy that falls quickly.

Plummet meaning with examples

• When the economy collapsed, many businesses saw their shares Plummet, leaving investors in a state of panic. Financial analysts forecast that the downward trend may continue unless government intervention is implemented shortly. Stockholders were left fraught with anxiety, and many rushed to unload their assets, exacerbating the financial crisis and causing further declines across various market sectors.
• As the storm approached, the temperature began to Plummet, causing residents to prepare for an unseasonably harsh cold front. Local meteorologists warned the community of potential snow accumulation and low wind chills. Families scrambled to locate their winter gear, and grocery stores reported an uptick in sales for heaters and warm foods during the suddenly frigid weather period.
• After the scandal broke, the company's reputation began to Plummet, leading to a significant drop in customer trust. Former loyal clients started looking for alternative brands, resulting in a severe decline in sales figures. Executives held emergency meetings to strategize on how to regain public confidence and repair their damaged image after the unfolding crisis.
• The athlete's performance took a nosedive this season, causing their rankings to plummet. Once considered a frontrunner for winning the championship, consistent injuries and training setbacks sidelined them from crucial matches. As fans watched in disappointment, experts speculated if the athlete could ever return to previous form amidst the growing concerns of their decline.
• In the aftermath of the technology firm's poor quarterly report, stock prices began to Plummet, severely impacting shareholder wealth. Investors were taken by surprise, as the firm had consistently been a market leader. This sudden downturn prompted analysts to revise projections and left many wondering whether the company could recover from such a shocking loss in value.