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What does step down mean?

Looking for the meaning or definition of the word step down? Here's what it means.

Verb
  1. (idiomatic) To resign from office.
  2. To gradually reduce something, a little at a time, as an electronic step down transformer.
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Examples
I think it was very, very big of him to come after being asked to step down.
This place was a vacation from the discriminating world, a place where culture and refinement took a step down to allow raw emotion to pass.
He is to step down as chairman of the institution after artists at the academy called for his resignation.
The local politician's comments have created a scandal within her party and one member of parliament has advised her to step down.
Just think back to this past summer and the drama surrounding Taylor's decision to step down.
He said on Wednesday that he was prepared to step down at any time to take responsibility for the severance of diplomatic ties.

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