closeout

1 of 2

noun

close·​out ˈklōz-ˌau̇t 

1

: a clearing out by a sale usually at reduced prices of the whole remaining stock (as of a business)

2

: an article offered or bought at a closeout

close out

2 of 2

verb

ˈklōz- 

closed out; closing out; closes out

transitive verb

1

a

: exclude

b

: preclude

close out his chances

2

a

: to dispose of a whole stock of by sale

b

: to dispose of (a business)

c

: sell

closed out his share of the business

d

: to put (an account) in order for disposal or transfer

3

a

: to bring to an often rapid or abrupt conclusion

close out a career

b

: to discontinue operation of

intransitive verb

1

: to sell out a business

2

: to buy or sell securities or commodities in order to terminate an account

Synonyms

Verb

• close
• complete
• conclude
• end
• finish
• round (off or out)
• terminate
• wind up
• wrap up

Examples of closeout in a Sentence

Noun

a store that sells closeouts

Verb

the team closed out the season with major losses

don't assume an attitude that closes out any possibility of a compromise

Recent Examples on the Web

Noun

The shooting guard looks good both as a spot-up shooter on the move and attacking closeouts. —Jared Weiss, The Athletic, 21 Jan. 2025

Further, Ware was called for a flagrant foul for a reckless closeout, not only leaving Mills with the four-point play, but also the Jazz with possession. —Ira Winderman, Sun Sentinel, 10 Jan. 2025

Verb

As a recipient of an NEA grant itself and concerned over a potential pause in funding, FFA made the decision to close out their account back in December 2024 and is now advising all fellow NEA grantees do the same. —Harrison Richlin, IndieWire, 1 Feb. 2025

The pressure to close out accounts, reconcile ledgers, and finalize financial statements comes at a time already brimming with the holiday rush, New Year preparations, and strategic planning for the road ahead. —William Mullane, USA TODAY, 1 Feb. 2025

Word History

First Known Use

Noun

1925, in the meaning defined at sense 1

Verb

14th century, in the meaning defined at transitive sense 1a

Kids Definition

closeout

noun

close·​out ˈklōz-ˌau̇t 

: a sale of leftover merchandise