closeout

1 of 2

noun

close·​out ˈklōz-ˌau̇t 

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

close out

2 of 2

verb

ˈklōz- 

closed out; closing out; closes 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

Synonyms

Verb

• close
• complete
• conclude
• end
• finish
• round (off or out)
• terminate
• wind up
• wrap up

Examples of closeout in a Sentence

Noun

a store that sells closeouts

Verb

the team closed out the season with major losses

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

Recent Examples on the Web

Noun

Hasbro is still feeling the impact of a weak 2023 that led to excess inventory and closeouts, as well as growing pains related to its plan to right-size its business and shed less profitable toys and business segments. —Joan Verdon, Forbes, 24 Oct. 2024

Unsurprisingly, these numbers pale in comparison to the Sun’s first-round closeout of Caitlin Clark and the Indiana Fever on ESPN last Wednesday night. —Jason Clinkscales, Sportico.com, 1 Oct. 2024

Verb

Thursday are closing out 2024 with another new song. —Matthew Strauss, Pitchfork, 6 Dec. 2024

The concerts will close out with three shows in Vancouver on Friday, December 6; Saturday, December 7; and Sunday, December 8. —Alex Gonzalez, SPIN, 6 Dec. 2024

Word History

First Known Use

Noun

1925, in the meaning defined at sense 1

Verb

14th century, in the meaning defined at transitive sense 1a

Kids Definition

closeout

noun

close·​out ˈklōz-ˌau̇t 

: a sale of leftover merchandise