Closeout Definition

klōzout
close out, closeouts
noun
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.
Webster's New World
A sale in which all remaining stock is disposed of, usually at greatly reduced prices.
American Heritage
Something offered at such a sale.
Webster's New World

(surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.

Wiktionary

Other Word Forms of Closeout

Noun

Singular:
closeout
Plural:
closeouts

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Unscrambles

closeout