closeout
/ˈkloʊzˌaʊt/
noun
plural
closeouts
plural
closeouts
Britannica Dictionary definition of CLOSEOUT
[count]
US
1
a
:
a sale in which a store tries to sell all of its products because the store is going out of business
b
:
a sale to sell all of the old models of a product so that a store can sell the new models
2
:
a product that is being sold at a closeout
—
see also close out at 1close