plummet

Vocabulary Word

Definition

When we say something 'plummets,' we mean that it decreases or falls very quickly or suddenly. Imagine the temperature dropping suddenly on a very cold day, it's said to have plummeted.

Examples in Different Contexts

In stock markets, 'plummet' could refer to a sudden drop in share prices. A financial analyst might say, 'The company's stock plummeted after the quarterly report was released.'

Practice Scenarios

Business

Scenario:

The earnings report was not as promising as we had hoped. Investors might be nervous about our future projections.

Response:

We have to communicate effectively with our shareholders. We don't want our stock values to plummet.

Impact

Scenario:

Recent studies reveal alarming losses of coral reefs due to ocean acidification. We desperately need to address this issue.

Response:

We must act soon on coral protectives measures before their numbers plummet further.