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