closeout

/ˈkloʊzaʊt/
adjective
  1. Relating to or being a sale that clears out remaining stock.
    • They put a closeout sign on the rack of old DVDs.
    • The closeout prices were too good to pass up.
    • We bought closeout furniture for our new apartment.
noun
  1. A sale in which a store sells all remaining items of a particular product, often at a reduced price, to clear inventory.
    • I bought these shoes at a closeout for only ten dollars.
    • The store is having a closeout on winter coats, with everything 50% off.
    • The electronics store announced a closeout of all last year's models.
  2. An item sold at such a sale.
    • These towels are closeouts from a hotel that was redecorating.
    • The closeouts were piled in bins near the back of the store.
    • He found a closeout on camping gear and bought a tent for half price.
What does "closeout" mean? | whatsthatwordmean | whatsthatwordmean