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closeout Definition

close·out (klōzo̵ut′)

noun

  1. a selling off at discounted prices of the inventory of a business going into liquidation or of particular goods that will no longer be carried
  2. something offered at such a sale
closeout Usage Examples

Modifies a noun

  • price: There are no better buys anywhere, hundreds are even at deep discount, closeout prices!
  • procedure: Project Closeout Ensure all administrative closeout procedures are completed, according to Project Closeout Checklist.
  • title: Specialist in clearance / closeout titles at large discounts.
  • product: Search for wholesale and closeout products in over 50 categories.

Noun used with modifier

  • contract: Manage the handling of the prime contract closeout requirements; 13.
  • study: Carrying out Study Delivery activities to time, cost, and quality from Study Delivery Concept through database lock and study closeout activities.