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Definition of Even keel
1. Noun. (nautical) A situation in which the boat is level and balanced for a smooth ride. ¹
2. Noun. (idiomatic) A state of having one's emotions under control and balanced. ¹
3. Noun. (idiomatic) Of a business or other activity which is under control and running smoothly. ¹
¹ Source: wiktionary.com