Definition, Meaning & Synonyms

steep-decline

noun

/stiːp dɪˈklaɪn/

Definition

A significant and rapid fall or decrease in something, often used in the context of financial markets, the economy, or other measurable quantities.

Examples

The steep decline in sales this quarter has alarmed the management team.
After the steep decline in property values, many homeowners found themselves underwater on their mortgages.
The company reported a steep decline in profits, leading to layoffs.

Meaning

The term ‘steep-decline’ refers to a drastic downward movement or reduction, usually in a short period of time, indicating a concerning or critical situation.