erase
verb [ T ]
uk/ɪˈreɪz/ us/ɪˈreɪs/to cancel the effect of an increase or fall in something such as an amount of debt, the price of shares, etc.:
erase a deficit/debt/loss To erase the budget deficit through cuts alone would mean extreme measures such as shutting prisons and college campuses.
erase a profit/gain
to remove information or data from the place where it was stored:
erase sth from sth Fraudulent accounts had been erased from the records.
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