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Need synonyms for treads water? Here's a list of similar words from our thesaurus that you can use instead.
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 To make no progress, expending effort just enough to maintain a stable position 
      “The fund has received the minimum investment needed for the organization to tread water.” 
  
To move or drift along the surface of a liquid or in the air 
To patiently delay action until the outcome becomes clear 
To make one's way through water using one's body 
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