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implosion

im·plo·sion [ im plṓ'n ] (plural im·plo·sions)


noun 
Definition:
 
1. violent inward collapse: the violent inward collapse of a vessel or structure resulting from the external pressure being greater than the internal pressure

2. complet economic or political failure: total economic or political collapse, e.g. as a result of poor management and financial insolvency
the implosion of high-risk stocks

[Late 19th century. <implode]
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