[ klohz-out ]
/ ˈkloʊzˌaʊt /


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 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020