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What does cliff mean?

Updated: 12/13/2022
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8y ago

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A cliff is an overhang on a mountain or steep hill. When someone is standing on the edge of a cliff, it means there is nowhere to go but over the side of the cliff. They would be forced to turn around and go back the other way. Many cliffs are found along shorelines of oceans and seas.

DEFINITION OF 'FISCAL CLIFF' A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.

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