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English definition of “closeout”

closeout

noun [C]
 
 
/ˈkləʊzˌaʊt/
COMMERCE the period in which a store sells everything cheaply before going out of business: This is the last week of the store's closeout. a closeout sale closeout merchandise
COMMERCE an item sold by a store that is going out of business, or an item of a type that will no longer be sold at a store: Hundreds of closeouts are available at half price or less.
FINANCE, STOCK MARKET the end of a period of trading in a financial market: There was considerable activity ahead of the September share price index futures closeout on Monday.
(Definition of closeout from the Cambridge Business English Dictionary © Cambridge University Press)
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