From dip + -ed.
- Simple past tense and past participle of dip.
dipped (comparative more dipped, superlative most dipped)
- That has been briefly immersed in a liquid.
- Of headlights: lowered.
- (archaic, colloquial) Caught up in debt; mortgaged.
- 1705, Bernard Mandeville, The Fable of the Bees:
- The Lawyers [...] Opposed all Registers, that Cheats / Might make more Work with dipt Estates [...].