Meaning of “closeout” in the English Dictionary

"closeout" in Business English

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closeoutnoun [ C ]

uk /ˈkləʊzˌaʊt/ us

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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