Meaning of dégringolade*

dé•grin•go•lade

Pronunciation: (dā-gran-gô-lad' Eng. dā-grang&secg&schwa-läd'), [key]
— pl. -lades
  1. a quick deterioration or breakdown, as of a situation or circumstance.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.