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closeout

 

Definitions from WordNet

Noun closeout has 1 sense
  1. closeout - a sale intended to dispose of all remaining stock
    --1 is a kind of
    sale, cut-rate sale, sales event
    Derived form: verb close out2

Definitions from the Web

Closeout

Noun:

A closeout refers to the sale of merchandise at significantly reduced prices to quickly clear out inventory.

Example Sentence: The store announced a closeout on all summer clothing, offering discounts up to 70% off.

Adjective:

When something is referred to as closeout, it means that it is being sold at a heavily discounted price due to being the last remaining items.

Example Sentence: This closeout sale provides an opportunity to get great deals on the remaining inventory.

Verb:

To closeout can mean to bring an activity, event, or project to an end or to finalize accounts.

Example Sentence: We need to closeout the project by completing the final report and submitting it to the client.

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