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What does bottom out mean?

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

Verb
  1. (intransitive) To reach the bottom, to reach the nadir or low point.
  2. (idiomatic) To touch or drag along the ground.
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Examples
I got one of these for my grandmother last year, because she is blind and forgetful and had burned the bottom out of two teakettles.
Temperatures could bottom out around negative 20 degrees in the eastern part of the state overnight.
Last week's profit warning knocked the bottom out of the share price.
When we get caught in overproducing, just like a lot of commodity markets, it drives the bottom out of the market.
She could not have crawled through her own washtub if she had knocked the bottom out of it.
The flight crew had discussed the sound and concluded that they were hearing an oleo bottom out.

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