Definition, Meaning & Synonyms

closing-out-sale

noun

/ˈkloʊzɪŋ aʊt seɪl/

Definition

A closing-out sale is a sale of goods at reduced prices, typically conducted by a business as it prepares to close, liquidate, or vacate its premises.

Examples

The store is having a closing-out sale, with discounts up to 70% off all items.
Dana decided to visit the mall to check out the local bookstore’s closing-out sale before it shut down.
The closing-out sale attracted many customers looking for great deals on furniture.

Meaning

The term refers to the final sale of a business’s inventory, often indicating that the business will no longer operate, and aims to sell off remaining stock quickly, usually at discounted prices.