0 the process of forming craters (= hollow areas in the ground), or the fact that craters have formed:
All of these impact craters on Earth represent relatively recent cratering.
The photograph shows heavy cratering, suggesting the area has been bombed.
1 the sudden fall or failure of a price, market, business, etc.:
The events of 2008 and the cratering of the economy thereafter were emergencies.
What we've seen in the past few months is a cratering of support for the president.
Since only one of the 150 gullies found so far shows any meteoritic cratering, they would appear to be geologically young.
Rocks recovered from the surface of the Moon revealed that the cratering of the Moon's surface was intense between 4,200 million and 4,000 million years ago
The cratering record on our planet reveals that many asteroids have struck us in the past.
His analysis of cratering rates on the moon indicates that over the past 3.5 billion years, the rate of crater formation dropped by two to three times until about 600 million years ago.
If the banks don't lend money, projects are put on hold and that would cause a cratering in a critical sector of our economy at a time of recession.
His comments come amid the cratering of confidence in content-driven internet businesses.
