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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
Some amateurs swing too steeply on the backswing, bottom out the arc too soon on the downswing and hit it fat.
The question is, Are we seeing a modest, multiyear decline that will bottom out?
This year they had all seen how vulnerable they were when it knocked the bottom out of the tourist season.
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.
When we get caught in overproducing, just like a lot of commodity markets, it drives the bottom out of the market.
We continue to expect economic activity to bottom out, then to turn up later this year.

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