closeout

closeout definition - business

closeout

A special sale in which prices are reduced in order to sell all of a product that remains in stock. Closeouts often occur near the end of a model year.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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