Decline swim (3)
I believe the answer is:
dip
I believe this is a double definition.
'decline' is the first definition.
(both can mean to fall or droop)
'swim' is the second definition.
(dip can mean a brief swim)
(Other definitions for dip that I've seen before include "A quick bathe" , "Thick sauce; brief swim" , "Sudden sharp decrease in quantity" , "Quick swim" , "Duck" .)