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English definition of “wipe sth out”

wipe sth out

phrasal verb with wipe     /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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