Meaning of the word dampener in English

What does dampener mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

dampener

US /ˈdæm.pən.ɚ/
UK /ˈdæm.pən.ər/

Noun

something that makes something less active, less exciting, or less enjoyable:

Example:
Interest rate rises may act as a dampener on the market.