Closeout meaning

klōz'out'
A sale in which all remaining stock is disposed of, usually at greatly reduced prices.
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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.
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Something offered at such a sale.
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(surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
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(retail) A sale in which all merchandise is sold, at whatever reduced price is necessary.
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