Simple Definition of closeout

from our Learner's Dictionary

closeout

noun

plural closeouts
US
1
a
: a sale in which a store tries to sell all of its products because the store is going out of business
a store closeout
b
: a sale to sell all of the old models of a product so that a store can sell the new models
2
: a product that is being sold at a closeout
a store that sells closeouts

Cite this Entry

“Closeout.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/closeout. Accessed 16 Jun. 2026.

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