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noun mark·down \ˈmärk-ˌdau̇n\

Simple Definition of markdown

  • : a reduction in price

Source: Merriam-Webster's Learner's Dictionary

Full Definition of markdown

  1. 1 :  a lowering of price

  2. 2 :  the amount by which an original selling price is reduced

1880

First Known Use of markdown

1880


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