Source : Webster's Revised Unabridged Dictionary (1913)

Dip \Dip\, n.
   1. A gymnastic exercise on the parallel bars in which the
      performer, resting on his hands, lets his arms bend and
      his body sink until his chin is level with the bars, and
      then raises himself by straightening his arms.

   2. In the turpentine industry, the viscid exudation, which is
      dipped out from incisions in the trees; as, virgin dip
      (the runnings of the first year), yellow dip (the runnings
      of subsequent years).

   3. (A["e]ronautics) A sudden drop followed by a climb,
      usually to avoid obstacles or as the result of getting
      into an airhole.

Dip \Dip\, v. t. [imp. & p. p. {Dipped}or {Dipt} (?); p. pr. &
   vb. n. {Dipping}.] [OE. dippen, duppen, AS. dyppan; akin to
   Dan. dyppe, Sw. doppa, and to AS. d?pan to baptize, OS.
   d?pian, D. doopen, G. taufen, Sw. d["o]pa, Goth. daupjan,
   Lith. dubus deep, hollow, OSlav. dupl? hollow, and to E.
   dive. Cf. {Deep}, {Dive}.]
   1. To plunge or immerse; especially, to put for a moment into
      a liquid; to insert into a fluid and withdraw again.

            The priest shall dip his finger in the blood. --Lev.
                                                  iv. 6.

            [Wat'ry fowl] now dip their pinions in the briny
            deep.                                 --Pope.

            While the prime swallow dips his wing. --Tennyson.

   2. To immerse for baptism; to baptize by immersion. --Book of
      Common Prayer. Fuller.

   3. To wet, as if by immersing; to moisten. [Poetic]

            A cold shuddering dew Dips me all o'er. --Milton.

   4. To plunge or engage thoroughly in any affair.

            He was . . . dipt in the rebellion of the Commons.
                                                  --Dryden.

   5. To take out, by dipping a dipper, ladle, or other
      receptacle, into a fluid and removing a part; -- often
      with out; as, to dip water from a boiler; to dip out
      water.

   6. To engage as a pledge; to mortgage. [Obs.]

            Live on the use and never dip thy lands. --Dryden.

   {Dipped candle}, a candle made by repeatedly dipping a wick
      in melted tallow.

   {To dip snuff}, to take snuff by rubbing it on the gums and
      teeth. [Southern U. S.]

   {To dip the colors} (Naut.), to lower the colors and return
      them to place; -- a form of naval salute.

Dip \Dip\, n.
   1. The action of dipping or plunging for a moment into a
      liquid. ``The dip of oars in unison.'' --Glover.

   2. Inclination downward; direction below a horizontal line;
      slope; pitch.

   3. A liquid, as a sauce or gravy, served at table with a
      ladle or spoon. [Local, U.S.] --Bartlett.

   4. A dipped candle. [Colloq.] --Marryat.

   {Dip of the horizon} (Astron.), the angular depression of the
      seen or visible horizon below the true or natural horizon;
      the angle at the eye of an observer between a horizontal
      line and a tangent drawn from the eye to the surface of
      the ocean.

   {Dip of the needle}, or {Magnetic dip}, the angle formed, in
      a vertical plane, by a freely suspended magnetic needle,
      or the line of magnetic force, with a horizontal line; --
      called also {inclination}.

   {Dip of a stratum} (Geol.), its greatest angle of inclination
      to the horizon, or that of a line perpendicular to its
      direction or strike; -- called also the {pitch}.

Dip \Dip\, v. i.
   1. To immerse one's self; to become plunged in a liquid; to
      sink.

            The sun's rim dips; the stars rush out. --Coleridge.

   2. To perform the action of plunging some receptacle, as a
      dipper, ladle. etc.; into a liquid or a soft substance and
      removing a part.

            Whoever dips too deep will find death in the pot.
                                                  --L'Estrange.

   3. To pierce; to penetrate; -- followed by in or into.

            When I dipt into the future.          --Tennyson.

   4. To enter slightly or cursorily; to engage one's self
      desultorily or by the way; to partake limitedly; --
      followed by in or into. ``Dipped into a multitude of
      books.'' --Macaulay.

   5. To incline downward from the plane of the horizon; as,
      strata of rock dip.

   6. To dip snuff. [Southern U.S.]

Source : WordNet®

dip
     n 1: a depression in an otherwise level surface; "there was a dip
          in the road"
     2: (physics) the angle that a magnetic needle makes with the
        plane of the horizon [syn: {angle of dip}, {magnetic dip},
         {magnetic inclination}, {inclination}]
     3: a thief who steals from the pockets or purses of others in
        public places [syn: {pickpocket}, {cutpurse}]
     4: tasty mixture or liquid into which bite-sized foods are
        dipped
     5: a brief immersion
     6: a sudden sharp decrease in some quantity; "a drop of 57
        points on the Dow Jones index"; "there was a drop in
        pressure in the pulmonary artery"; "a dip in prices";
        "when that became known the price of their stock went into
        free fall" [syn: {drop}, {fall}, {free fall}]
     7: a candle that is made by repeated dipping in a pool of wax
        or tallow
     8: a brief swim in water [syn: {plunge}]
     9: a gymnastic exercise on the parallel bars in which the body
        is lowered and raised by bending and straightening the
        arms
     [also: {dipping}, {dipped}]

dip
     v 1: immerse briefly into a liquid so as to wet, coat, or
          saturate; "dip the garment into the cleaning solution";
          "dip the brush into the paint" [syn: {dunk}, {souse}, {plunge},
           {douse}]
     2: dip into a liquid while eating; "She dunked the piece of
        bread in the sauce" [syn: {dunk}]
     3: go down momentarily; "Prices dipped"
     4: stain an object by immersing it in a liquid
     5: switch (a car's headlights) from a higher to a lower beam
        [syn: {dim}]
     6: lower briefly; "She dipped her knee"
     7: appear to move downward; "The sun dipped below the horizon";
        "The setting sun sank below the tree line" [syn: {sink}]
     8: slope downwards; "Our property dips towards the river"
     9: dip into a liquid; "He dipped into the pool" [syn: {douse},
        {duck}]
     10: of candles; by dipping the wick into hot, liquid wax
     11: immerse in a disinfectant solution; "dip the sheep"
     12: scoop up by plunging one's hand or a ladle below the
         surface; "dip water out of a container"
     [also: {dipping}, {dipped}]

Source : Free On-Line Dictionary of Computing

DIP
     
        1. {Dual In-line Package}.
     
        2. {Document Image Processing}.