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

Americanism; noun use of verb phrase mark down

Example Sentences

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.

From 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.

From 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.

From Seattle Times

"Our model gauges the risk of a certain item expiring on the shelf rather than being sold, and makes the decision as to whether a markdown is required or not," says David Kat, the firm's senior vice president of business development.

From BBC

That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier.

From Reuters