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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 Commission is aware that it is difficult to quantify the markdown for the liquidity risk precisely.
Once you have defined a markdown rule, you can store this in the markdown type.
Second is to integrate the markdown list that has been approved into Retail-1 and have the price changes reflected at store level.
For each markdown plan, the list shows the name and number of the plan, the markdown type and rule used, and the starting date.
If the markdown is from an artificially inflated price, then the advertising is deceptive.
All items with less than X inventory turns and have been on store shelves for more than X weeks or where the last markdown is more than X weeks.

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