Definition, Meaning & Synonyms
close-out
noun
/ˈkloʊz aʊt/
Definition
The process of selling off the remaining inventory of a product or the act of liquidating assets.
Examples
- The store held a close-out sale to reduce their inventory before the new season.
- They offered significant discounts during their close-out of summer merchandise.
Meaning
A close-out happens when a business intends to clear out its stock, often to make room for new items or to end a sale.
Synonyms
- Liquidation
- Sale
- Clearance
