Meaning of the word slump in English

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

slump

US /slʌmp/
UK /slʌmp/

Verb

1.

(of prices, values, or sales) to fall suddenly:

Example:
The value of property has slumped.

Noun

1.

a fall in the price, value, sales, etc. of something:

Example:
There's been a slump in the demand for new cars.
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