meltdown

Meaning: a disastrous collapse, esp. of a market or an economy

For example:

  • Investing in the stock market is always risky, as many people learnt in the 2008 market meltdown.

  • If there's an economic meltdown, many companies will go out of business and many people will lose their jobs.

Quick Quiz:

If there's a meltdown in the stock market, most share prices will

a. go up

b. go down

c. stay the same

Slang of the Day

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Contributor: Matt Errey