markdown

[ mahrk-doun ]
/ ˈmɑrkˌdaʊn /

noun

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

Origin of markdown

Americanism; noun use of verb phrase mark down

British Dictionary definitions for markdown

markdown
/ (ˈmɑːkˌdaʊn) /

noun

a price reduction

verb mark down

(tr, adverb) to reduce in price