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   low-water mark

   /ˌləʊˈwɔːtə mɑːk/

   noun

   • 1. the level reached by the sea at low tide, or by a lake or river during a drought or dry season: "a shallow open pool at low-water mark"
   • ▪ a minimum recorded level or value: "the market was approaching its low-water mark"

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