closeout

[klohz-out]

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

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. 2019