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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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And later, if you want to sell the bond before it matures, there will be a tremendous markdown on its value.
The Commission is aware that it is difficult to quantify the markdown for the liquidity risk precisely.
Second is to integrate the markdown list that has been approved into Retail-1 and have the price changes reflected at store level.
Once you have defined a markdown rule, you can store this in the markdown type.
Is there an automatic markdown in price if an item hasn't sold in a certain period of time?
Your first markdown is your cheapest, as they say in the retail business.

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