[ 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.
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