Past tense of dip, meaning to briefly immerse something in liquid or to lower something quickly and then raise it again. Can also mean to decrease temporarily or slope downward.
From Old English 'dyppan,' meaning 'to immerse,' related to 'deep.' The word comes from Proto-Germanic roots and has maintained its core meaning of brief submersion for over a thousand years, expanding to metaphorical uses like stock prices 'dipping.'
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