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In a youtube video, the interviewer asked, "What happened to your business?"

The interviewee replied with, "It was basically dead and the economy was literally like a buck a day."

I looked up the word dead, and definitions I found were only things that had passed away. Is the word buck singular for 'bucks' as in money?

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Your definitions for both words are correct. Note that "dead" is used in a figurative sense, meaning that there is no activity. (Some dictionaries might give that as a literal meaning.)

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