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"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 ​increasestarted: Investors saw their recent ​gainswiped out by a sudden ​collapse in the ​shareprice. The ​advertisinggroup yesterday ​launched its ​shareissue 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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