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Meaning of “wipe sth out” in the English Dictionary

"wipe sth out" in Business English

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wipe sth out

phrasal verb with wipe uk   us   /waɪp/ verb [T] IT
if an increase in the value, level, etc. of something is wiped out, the value, level, etc. goes down to the point where the increase started: Investors saw their recent gains wiped out by a sudden collapse in the share price. The advertising group yesterday launched its share issue to wipe out its debts.
to completely destroy something: The attacks wiped out huge portions of the population.
(Definition of wipe sth out from the Cambridge Business English Dictionary © Cambridge University Press)
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“wipe sth out” in Business English

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