closeout

noun close·out \ ˈklōz-ˌau̇t \

Definition of closeout

1 :a clearing out by a sale usually at reduced prices of the whole remaining stock (as of a business)
2 :an article offered or bought at a closeout

Examples of closeout in a Sentence

  1. a store that sells closeouts

Recent Examples of closeout from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'closeout.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of closeout

1925


close out

verb \ ˈklōz- \

Definition of close out

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 of
intransitive verb
1 :to sell out a business
2 :to buy or sell securities or commodities in order to terminate an account

Examples of close out in a Sentence

  1. the team closed out the season with major losses

  2. don't assume an attitude that closes out any possibility of a compromise

First Known Use of close out

14th century

close out Synonyms


CLOSEOUT Defined for English Language Learners

closeout

noun

Definition of closeout for English Language Learners

  • : 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


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