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What is a markdown?

What is a markdown? Here are some definitions.

Noun
  1. A reduction in price in order to stimulate sales.
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The time period for each price phase is based on the markdown rule you applied to it.
Your first markdown is your cheapest, as they say in the retail business.
Once you have defined a markdown rule, you can store this in the markdown type.
If the markdown is from an artificially inflated price, then the advertising is deceptive.
Nevertheless, I urge fans of police procedurals to look around for a markdown price, since this is a solid mystery series that many will enjoy adding to their collection.
For each markdown plan, the list shows the name and number of the plan, the markdown type and rule used, and the starting date.

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