CLOSEOUT

Closeout

A closeout or clearance is the final sale of an item or items to zero inventory. It may be a given model of item that is not selling well, or in the case of the final closure of a retailer because of a relocation, a fire, or especially because of a bankruptcy. In the latter case, it is usually known as a going-out-of-business sale, and is part of a liquidation. A "hail sale" is a closeout at a car dealership after hail damage. Often, when the store is shutting down, they let people know that this is their last chance to buy the merchandise.

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closeout

Noun

  1. A wave which breaks all at once, as opposed to breaking progressively along its length.
    Dealing with closeouts is something every surfer should learn – especially if you live and surf in California. — Chris Cote, Transworld Surf 1
  2. A sale in which all merchandise is sold, at whatever reduced price is necessary


The above text is a snippet from Wiktionary: closeout
and as such is available under the Creative Commons Attribution/Share-Alike License.

close out

Verb

  1. to terminate; to call the end of.
  2. Of a wave, to break all at once, instead of progressively along its length.
  3. To terminate a computer program.


The above text is a snippet from Wiktionary: close out
and as such is available under the Creative Commons Attribution/Share-Alike License.

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