wipeout
n. countable B2 Upper Intermediate US //ˈwaɪˌpaʊt// wipe·out
n. a total failure or a complete loss of something. It can also mean a sudden, total collapse of a business or a person's finances.
n. a total failure, defeat, or collapse; a sudden and complete loss of assets or status. Often used in financial or competitive contexts to describe a catastrophic event.
The company faced a total wipeout after the market crashed.
After investing all his savings in the startup, he suffered a total wipeout when the business failed.
The sudden regulatory changes led to a massive wipeout in the tech sector, wiping out billions of dollars in market value within a single trading session.