Meaning & use
closeout
A sale intended to sell off all remaining stock of a product, often at a reduced price.
See it in a sentence
The store held a closeout sale before shutting its doors for good.
We found the winter coats at a steep discount during the closeout event.
A note on using this word
Closeout is chiefly an American English business term; British English tends to say clearance sale instead.
Words with a similar meaning
clearance
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
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