Main Entry: close out

Pronunciation: \ˈklōz-\

Function: verb

Date: 14th century

transitive verb

1 a : exclude b : preclude <close out his chances>
2 a : to dispose of a whole stock of by sale b : to dispose of (a business) c : sell <closed out his share of the business> d : to put (an account) in order for disposal or transfer
3 a : to bring to an often rapid or abrupt conclusion <close out a career> b : to discontinue operation ofintransitive verb 1 : to sell out a business
2 : to buy or sell securities or commodities in order to terminate an account