markdown

[ mahrk-doun ]
/ ˈmɑrkˌdaʊn /

noun

a reduction in price, usually to encourage buying.
the amount by which a price is reduced.

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Origin of markdown

Americanism; noun use of verb phrase mark down
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for markdown

markdown
/ (ˈmɑːkˌdaʊn) /

noun

a price reduction

verb mark down

(tr, adverb) to reduce in price
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Idioms and Phrases with markdown

mark down

Reduce the price of something, as in If they mark down these shoes, I'll buy two pairs. The mark here alludes to the label indicating a price. [Mid-1800s]

The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.