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English definition of “bottom out”

bottom out

phrasal verb with bottom     /ˈbɒtəm/ verb
to reach the lowest point in a continuously changing level that is about to start rising or increasing again: He believes the economic slump has bottomed out, and the economy will turn around. Long-term mortgage rates bottomed out and have risen sharply since then.
(Definition of bottom out from the Cambridge Business English Dictionary © Cambridge University Press)
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