dipdip2 ●●○ noun 1[countable, uncountable] a thick mixture that you can dip food into before you eat it: a cheese dip2[countable] an occasion when the level or amount of something becomes lower: a dip in prices3[countable] a place where the surface of something goes down suddenly, and then goes up again: a dip in the road4[countable] informal a quick swim: Is there time for a dip in the pool before lunch?