Meaning of the word markdown in English

What does markdown mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

markdown

US /ˈmɑːrk.daʊn/
UK /ˈmɑːk.daʊn/

Noun

1.

a reduction in price

Example:
The store announced a significant markdown on winter clothing.
We're hoping for a big markdown during the end-of-season sale.
2.

a lightweight markup language for creating formatted text using a plain-text editor

Example:
I wrote the documentation using Markdown for easy conversion to HTML.
Many online platforms support Markdown for formatting text.