closeout

[ klohz-out ]

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.

Word History and Origins

Origin of closeout¹

First recorded in 1920–25; noun use of verb phrase close out

Related Words

• auction
• business
• buying
• deal
• demand
• marketing
• purchase
• reduction
• selling
• trade
• transaction