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What does plummeted mean?

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

Verb
  1. simple past tense and past participle of plummet
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Examples
The temperature plummeted to below zero, enough to make one's teeth chatter!
Stock markets have plummeted, sharply reducing investment returns both for savers and pension funds over the past two years.
Once common nationwide, retreading tires fell out of favor as the price of both oil and tires plummeted.
Since Turkey plunged into a deep economic crisis in February the lira has plummeted around 60 percent against the dollar.
The value of the kip plummeted from around 800 to the dollar in 1997 to around 7,500 kip to the dollar today.
Whether he has plummeted, reached the acme or is in a spiritual limbo is for him to decide.

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