2 [mass noun] a thick sauce in which pieces of food are dipped before eating:tasty garlic dip
3a brief downward slope followed by an upward one:the big hedge at the bottom of the dip
an act of sinking or dropping briefly before rising again:a dip in the share price
4 [mass noun] technical the extent to which something is angled downward from the horizontal, in particular:
(also magnetic dip) the angle made with the horizontal at any point by the earth’s magnetic field, or by a magnetic needle in response to this.
Geology the angle a stratum makes with the horizontal:the cliff profile tends to be dominated by the dip of the beds
Astronomy & Surveying the apparent depression of the horizon from the line of observation, due to the curvature of the earth.
5 informal, dated a pickpocket.
6North American informal a stupid or foolish person.
7 archaic a candle made by immersing a wick repeatedly in hot wax.
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Universal
1 [with object] (dip something in/into) put or let something down quickly or briefly in or into (liquid):he dipped a brush in the paint
immerse (sheep) in a chemical solution that kills parasites.
make (a candle) by immersing a wick repeatedly in hot wax.
informal, dated baptize (someone) by immersion in water.
2 [no object] (dip into) put a hand or implement into (a bag or container) in order to take something out:Ian dipped into his briefcase and pulled out a photograph
spend from or make use of (one’s financial resources):you won’t have to dip into your savings
read only parts of (a publication or document):a reference work to dip into time and time again
3 [no object] sink, drop, or slope downwards:the sun had dipped below the horizonthe road dipped down to the bridge
(of a level or amount) become lower or smaller, typically temporarily:the president’s popularity has dippedaudiences dipped below 600,000 for the match
[with object] lower or move (something) downwards:the plane dipped its wings
[with object]British lower the beam of (a vehicle’s headlights).
4 [no object]Australian/NZ informal (dip out) miss an opportunity; fail.