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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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Second is to integrate the markdown list that has been approved into Retail-1 and have the price changes reflected at store level.
The time period for each price phase is based on the markdown rule you applied to it.
You can change the markdown rule for the individual items in the markdown plan.
Once you have defined a markdown rule, you can store this in the markdown type.
For each markdown plan, the list shows the name and number of the plan, the markdown type and rule used, and the starting date.
The Commission is aware that it is difficult to quantify the markdown for the liquidity risk precisely.

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