steep Meaning in the Cambridge English Dictionary
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Meaning of “steep” in the English Dictionary

"steep" in British English

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steepadjective

uk   us   /stiːp/

steep adjective (NOT GRADUAL)

B1 (of a ​slope) ​rising or ​falling at a ​sharpangle: a steep ​slope It's a steep climb to the ​top of the ​mountain, but the ​view is ​worth it. The ​castle is set on a steep hill/​hillside.C1 A steep ​rise or ​fall is one that goes very ​quickly from ​low to high or from high to ​low: There has been a steep increase/​rise in ​prices.
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steep adjective (TOO MUCH)

informal (​especially of ​prices) too much, or more than is ​reasonable: They are having to ​face very steep ​taxes. We ​enjoyedourmeal at the ​restaurant, but the ​bill was a ​bit steep. The ​membershipfees at the ​golfclub are pretty steep.
steepness
noun [U] uk   us   /ˈstiːp.nəs/

steepverb [I or T]

uk   us   /stiːp/
to ​cause to ​stay in a ​liquid, ​especially in ​order to ​becomesoft or ​clean, or to ​improveflavour: Leave the ​cloth to steep in the ​dyeovernight. We had ​pears steeped in ​redwine for ​dessert.
Phrasal verbs
(Definition of steep from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"steep" in American English

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steepadjective [-er/-est only]

 us   /stip/

steep adjective [-er/-est only] (NOT GRADUAL)

(of a ​slope) ​rising or ​falling at a ​sharpangle: The ​trainslowed as it went up a steep ​incline. A steep ​rise or ​fall is one that goes very ​quickly from ​low to high or from high to ​low: Yesterday’s steep ​decline in the ​value of the ​dollar was ​unexpected.

steep adjective [-er/-est only] (TOO HIGH)

(esp. of ​prices) too high; more than is ​reasonable: We ​enjoyedourstay at the ​hotel, but the ​charges were a ​bit steep.

steepverb [I/T]

 us   /stip/

steep verb [I/T] (MAKE WET)

to ​stay or ​cause to ​stay in a ​liquid, esp. in ​order to ​improveflavor or to ​becomesoft or ​clean: [I] Let the ​tea steep for five ​minutes. [T] This ​stain will come out if you steep the ​cloth in ​coldwater. To be steeped in something is to be ​filled with it or to ​know a lot about it: [T] The ​college is steeped in ​tradition.
(Definition of steep from the Cambridge Academic Content Dictionary © Cambridge University Press)

"steep" in Business English

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steepadjective

uk   us   /stiːp/
sudden and very ​big: steep decline/drop/fall With the steep ​fall in the ​price of ​oil, the ​economy has ​slowed significantly.steep rise/increase The ​propertymarket is beginning to ​decline after ​years of steep ​priceincreases.
very high or ​higher than is ​reasonable: steep fee/charge/cost Investors are ​concerned about the steep ​cost of the ​banking bail-out. Co-operatives could soon face steep ​taxes.
(Definition of steep from the Cambridge Business English Dictionary © Cambridge University Press)
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