Definition: to collapse, fail, lose value quickly
The stock market took a nosedive during the financial crisis.
If we lose permission to sell this product, our earnings will take a nosedive and we might go bankrupt.
About Matt Krause
Matt began his professional life as an import buyer, and since 2006 has been teaching companies how to connect with their investors and clients better. His clients work in Istanbul, Bucharest, and Sofia for companies like Allianz, 3M, P&G, Citibank, and Reckitt Benckiser. He also walked across Turkey and wrote a book about it.