Definition, Meaning & Synonyms

closing-down-sale

noun

/ˌkloʊzɪŋ daʊn seɪl/

Definition

A closing-down sale is a sale conducted by a business that is shutting down permanently, where goods are sold at discounted prices to clear out inventory.

Examples

The local bookstore is having a closing-down sale, offering up to 70% off on all books.
During the closing-down sale, many shoppers filled the aisles, hoping to snag great deals.
They announced a closing-down sale as the owner prepared for retirement.