This is the 916th most frequent Icelandic word.
lækkað
"Lækkað" means "lowered" or "reduced" in English.
The verb "lækkað" here is used in its past participle form to describe a decrease or reduction in price.
Verðið á húsinu hefur verið lækkað.
The price of the house has been reduced.
Here, "lækkað" reflects a decrease or a drop, specifically related to the temperature.
Hitastigið hefur lækkað mikið undanfarið.
The temperature has dropped significantly recently.
In this sentence, "lækkað" is used to denote the act of lowering the volume of the music.