Definition of wipe something off in English:

wipe something off

phrasal verb

  • Subtract an amount from a value or debt.

    ‘the crash wiped 24 percent off stock prices’
    • ‘Millions of pounds were wiped off the value of the company as the share price plunged by 45p to 185p in the first half hour of trading after the surprise announcement to the Stock Exchange.’
    • ‘The Iseq index has lost over 10 per cent in the last three months alone, wiping millions off the value of shares and potentially eroding the value of pension and insurance endowment policies linked to the stock market.’
    • ‘The Dow Jones Industrial Average fell 20 percent in one day, wiping out close to $1 trillion in wealth.’
    • ‘Billions of pounds were wiped off the value of Britain's biggest banks while their European equivalents fell on average by 8%.’
    • ‘Five profit warnings have wiped billions off the market value of Morrison.’
    • ‘Fears of a slump in internet advertising and a realisation that the PC market can't keep growing at its usual 15-20 per cent a year, has wiped millions off the value of even big tech companies like Cisco and Intel.’
    • ‘In recent years, falling stock markets have wiped out a large chunk of many companies' reserves.’
    • ‘Since our launch in November 1999, billions of pounds have been wiped off the value of our competitors, and many established names in telecoms have collapsed.’
    • ‘Billions of euros were wiped off the value of shares worldwide yesterday after the extent of losses at WorldCom sent markets into freefall.’
    • ‘The impact of the global downturn in the construction sector has wiped billions off the value of stocks in the sector.’
    • ‘As previously reported, Marconi investors and shareholders today have had their first opportunity to quiz the board on its handling of the profits warning which wiped billions off the value of shares.’
    • ‘Literally trillions of dollars have been wiped off the value of savings and retirement plans across America and Europe.’
    • ‘Stock markets dropped to their lowest levels for five years, wiping billions off Britain's pensions.’
    • ‘Troubled Manchester holiday firm MyTravel plunged deep into crisis today as millions of pounds were wiped off its value.’
    • ‘The decision to continue operating meant IFI continued to accumulate major losses and wiped millions off funds available for pension and redundancy packages.’
    • ‘But these gains have been more than wiped out by the fall in markets throughout February.’
    • ‘A profits warning wiped a fifth off the value of the company in one day's trading.’
    • ‘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.’