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

Example Sentences

Most of its staff positions will be eliminated, although the organization specified that a small transition team will remain through January 2026, “to ensure a responsible and orderly closeout of operations.”

From Salon

“A small transition team will remain through January 2026 to ensure a responsible and orderly closeout of operations,” the nonprofit said in a statement.

From Los Angeles Times

Irving improved to 15-1 in his career in closeout games in the playoffs.

From Seattle Times

Irving, who was 14-0 in his career in closeout games coming in, made just one of six from long range and finished with 16 points.

From Seattle Times

Bronny attacked closeouts, he played decisively and competed on the defensive end.

From Los Angeles Times

Related Words

• auction 
• business 
• buying www.thesaurus.com
• deal 
• demand 
• marketing 
• purchase 
• reduction 
• selling 
• trade 
• transaction