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.

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Origin of closeout

First recorded in 1920–25; noun use of verb phrase close out
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for closeout

close out
/ (kləʊz) /

verb

(adverb) to terminate (a client's or other account) on which the margin is inadequate or exhausted, usually by sale of securities to realize cash
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Idioms and Phrases with closeout

close out

1

Also, close something out. Dispose of a stock of goods; end a business. For example, We are closing out all our china, or They've decided to close out their downtown branch. This expression is most often used in business and commerce but occasionally refers to other matters. [Late 1800s]

2

close someone out. Prevent someone's entry or inclusion, as in No one will tell us about the merger—we've been closed out. [Second half of 1900s]

The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.