drop vs dip

drop and dip both are nouns.

Word	Noun	Adjective	Verb	Adverb
drop	Yes	No	Yes	No
dip	Yes	No	Yes	No

As nouns, drop and dip are synonyms defined as:

Other synonyms of drop include fall, free fall.

drop (noun)	dip (noun)
the act of dropping something	a brief swim in water
a central depository where things can be left or picked up	a gymnastic exercise on the parallel bars in which the body is lowered and raised by bending and straightening the arms
a curtain that can be lowered and raised onto a stage from the flies; often used as background scenery	a candle that is made by repeated dipping in a pool of wax or tallow
a sudden sharp decrease in some quantity	a sudden sharp decrease in some quantity
a free and rapid descent by the force of gravity	a brief immersion
a predetermined hiding place for the deposit and distribution of illicit goods (such as drugs or stolen property)	tasty mixture or liquid into which bite-sized foods are dipped
a steep high face of rock	a thief who steals from the pockets or purses of others in public places
a small indefinite quantity (especially of a liquid)	(physics) the angle that a magnetic needle makes with the plane of the horizon
a shape that is spherical and small	a depression in an otherwise level surface

drop (verb)	dip (verb)
give birth; used for animals	stain an object by immersing it in a liquid
grow progressively worse	go down momentarily
go down in value	dip into a liquid while eating
stop pursuing or acting	immerse briefly into a liquid so as to wet, coat, or saturate
change from one level to another	plunge (one's hand or a receptacle) into a container
lower the pitch of (musical notes)	immerse in a disinfectant solution
fall or sink into a state of exhaustion or death	scoop up by plunging one's hand or a ladle below the surface
leave undone or leave out	place (candle wicks) into hot, liquid wax
omit (a letter or syllable) in speaking or writing	dip into a liquid
utter with seeming casualness	appear to move downward
lose (a game)	slope downwards
take (a drug, especially LSD), by mouth	lower briefly
remove (cargo, people, etc.) from and leave	switch (a car's headlights) from a higher to a lower beam
to remove	take a small amount from
cause to fall by or as if by delivering a blow
let or cause to fall in drops
to fall vertically
let fall to the ground
fall or descend to a lower place or level
pay out
stop associating with
terminate an association with
hang loosely