markdown

[mahrk-doun]

noun

1. a reduction in price, usually to encourage buying.

2. the amount by which a price is reduced.

markdown

/ ˈmɑːkˌdaʊn /

noun

1. a price reduction

verb

1. (tr, adverb) to reduce in price

Word History and Origins

Origin of markdown¹

noun use of verb phrase mark down

Example Sentences

Maas said he anticipated “gangbuster” third-quarter sales with the impending demise federal tax credit, which allowed for a markdown of over 10% on most EV models.

Read more on Los Angeles Times

When deciding what to bring in early, Academy looked for items with low markdown liability, or items that don’t go out of season, Ford said.

Read more on The Wall Street Journal

In Chicago, a 200,000-square-foot-office building in the city’s Clybourn Corridor that sold in 2004 for nearly $90 million was purchased last month for $20 million, a 78 percent markdown.

Read more on New York Times

The consumer groups Knowledge Ecology International and the Union for Affordable Cancer Treatment petitioned the NIH to make the patent available to Biolyse Pharma, which had offered to sell a generic version of the drug for $3 per pill, a 95% markdown from the price charged for Xtandi by the drug makers Astellas and Pfizer.

Read more on Washington Times

The Kremlin also made explicit what had been implied since the Kinross deal: Companies were required to sell for at least a 50% markdown.

Read more on Seattle Times