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

OpenAI closed out its 12-day run of releases on Friday by announcing its newest frontier model, o3, as well as o3 mini. —Hayden Field, CNBC, 20 Dec. 2024

Paul McCartney closed out his Got Back tour last night at London’s O2 and took the opportunity to reunite with his Beatles bandmate Ringo Starr. —Emily Zemler, Rolling Stone, 20 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