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[klohz-out] /ˈkloʊzˌaʊt/
noun
1.
a sale on all goods in liquidating a business.
2.
a sale on goods of a type that will no longer be carried by the store.
3.
an article of merchandise offered for sale at a closeout.
Origin of closeout
1920-1925
First recorded in 1920-25; noun use of verb phrase close out
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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