closeout Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “closeout” in the English Dictionary

"closeout" in British English

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closeoutnoun [C]

uk   /ˈkləʊz.aʊt/  us   /ˈkloʊz-/ US
an ​occasion when the ​price of ​goods in a ​shop or ​factory is ​reduced so they can be ​soldquickly
(Definition of closeout from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"closeout" in Business English

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closeoutnoun [C]

uk   us   /ˈkləʊzˌaʊt/
COMMERCE the ​period in which a ​storesells everything ​cheaply before going out of ​business: This is the last week of the store's closeout. a closeout ​sale closeout ​merchandise
COMMERCE an ​itemsold 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 ​financialmarket: There was considerable ​activityahead of the September ​sharepriceindexfutures closeout on Monday.
(Definition of closeout from the Cambridge Business English Dictionary © Cambridge University Press)
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“closeout” in Business English

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