closeout

[klohz-out] /ˈkloʊzˌaʊt/

noun

a sale on all goods in liquidating a business.

a sale on goods of a type that will no longer be carried by the store.

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. 2017.
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