Definition of wipe something off in English:

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wipe something off

Subtract an amount from a value or debt: the crash wiped 24 percent off stock prices
More example sentences
  • Scotland's homes are facing a staggering repair bill of £6.5bn in a crisis that is threatening to wipe a substantial amount off the value of the property market.
  • Five profit warnings have wiped billions off the market value of Morrison.
  • A profits warning wiped a fifth off the value of the company in one day's trading.
See parent entry: wipe
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