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Meaning of tailspin

tail•spin

Pronunciation: (tāl'spin"), [key]
— n., v., -spinned, -spin•ning.
—n.
—v.i.
  1. to take or experience a sudden and dramatic downturn: After the mill closes, the local economy may tailspin.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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