Webster's English Dictionary

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dip

1. dip \'dip\ vb or dipped;  or dip.ping [ME dippen, fr. OE dyppan; akin to 
   OHG tupfen to wash, Lith (Xdubus deep 1a: to plunge or immerse momentarily 
   or partially under the surface (as of  a liquid) so as to moisten, cool, or 
   coat 1b: to thrust in a way to suggest immersion  1c: to immerse (as a hog) 
   in an antiseptic or parasiticidal solution  2: to lift a portion of by 
   reaching below the surface with something shape d to hold liquid : LADLE 
   archaic  3a: INVOLVE  3b: MORTGAGE  4: to lower and then raise again {~ a 
   flag in salute}  1a: to plunge into a liquid and quickly emerge  1b: to 
   immerse something into a processing liquid or finishing material  2a: to 
   drop down or out of sight esp. suddenly  of a plane  2b: to drop suddenly 
   before climbing  2c: to decline or decrease moderately and usu. temporarily 
   {prices di pped} 3: to reach down inside or below a surface esp. to 
   withdraw a part of the  contents 4: to delve casually or tentatively into 
   something; specif : to re ad superficially 5: to incline downward from the 
   plane of the horizon 
2. dip n 1: an act of dipping : as  1a: a brief plunge into the water for 
   sport or exercise  1b: an exercise on the parallel bars in which the 
   performer rests on his ha nds, lets his arms bend until his chin is level 
   with the bars, and then raises himself by straightening his arms 2: 
   inclination downward :  2a: PITCH  2b: a sharp downward course : DROP  2c: 
   the angle that a stratum or similar geological feature makes with a hor 
   izontal plane 3: the angle formed with the horizon by a magnetic needle 
   free to rotate in  the vertical plane 4: HOLLOW, DEPRESSION  5: something 
   obtained by or used in dipping  6: a liquid preparation into which 
   something may be dipped  slang  7: PICKPOCKET