"steep" in the noun sense
1. steep
a steep place (as on a hill)
"steep" in the verb sense
1. steep, immerse, engulf, plunge, engross, absorb, soak up
devote (oneself) fully to
"He immersed himself into his studies"
2. steep, infuse
let sit in a liquid to extract a flavor or to cleanse
"steep the blossoms in oil"
"steep the fruit in alcohol"
"steep" in the adjective sense
1. steep
having a sharp inclination
"the steep attic stairs"
"steep cliffs"
2. exorbitant, extortionate, outrageous, steep, unconscionable, usurious
greatly exceeding bounds of reason or moderation
"exorbitant rent"
"extortionate prices"
"spends an outrageous amount on entertainment"
"usurious interest rate"
"unconscionable spending"
3. steep
of a slope set at a high angle
"note the steep incline"
"a steep roof sheds snow"
Source: WordNet® (An amazing lexical database of English)
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