dipdip1 /dɪp/ ●●○ verb (dipped, dipping) 1 [transitive] to put something into a liquid and quickly lift it out again: Janet dipped her feet into the water. strawberries dipped in chocolate2[intransitive] informal to go down or become lower: The temperature could dip down to the 20s tonight.dip into phrasal verb to use some of an amount of money that you have: Medical bills forced her to dip into her savings.