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English definition of “sink”

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sink

verb
 
 
/sɪŋk/ (sank, sunk)
[I] if prices, profits, shares, etc. sink, they fall to a lower level: Bond prices sank and stocks rose today.sink to sth The dollar sank to a record low against the euro. Shares sank 3% Wednesday to close at $39.35.
[I or T] to go under, or cause something to go under, the surface of the water: The tanker sank off the coast of Alaska. The explosion sank the ship in 300 feet of water.
(Definition of sink from the Cambridge Business English Dictionary © Cambridge University Press)
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