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English definition of “tailspin”

tailspin

noun uk   /ˈteɪlˌspɪn/ us  
[C usually singular] a situation in which a plane turns round and round as it falls quickly towards the ground [S] a situation in which something starts to fail or lose value and gets more and more out of control: Share prices went into a tailspin when the president resigned.
(Definition of tailspin from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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