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closeout

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noun close·out \ˈklōz-ˌau̇t\

Simple Definition of closeout

  • : a sale in which a store tries to sell all of its products because the store is going out of business

  • : a sale to sell all of the old models of a product so that a store can sell the new models

  • : a product that is being sold at a closeout

Source: Merriam-Webster's Learner's Dictionary

Full Definition of closeout

  1. 1 :  a clearing out by a sale usually at reduced prices of the whole remaining stock (as of a business)

  2. 2 :  an article offered or bought at a closeout

Examples of closeout in a sentence

  1. a store that sells closeouts



1925

First Known Use of closeout

1925


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