Definition of closeout in US English:

closeout

noun

US
  • usually as modifier A sale of goods at reduced prices to get rid of superfluous stock.

    ‘a closeout sale’
    ‘closeout prices’
    • ‘We'll see how good the closeout sales are.’
    • ‘Your basic system will cost about $149.00 (plus installation) and can be found even cheaper if you look for specials or closeouts.’
    • ‘Many of these close-out sales will offer great laptops at reduced prices.’
    • ‘Watch out for great close-out or liquidation sales and don't forget to check out refurbished laptops.’
    • ‘And if none of these options will do, you can still get CDs cheap at your local Sam Goody closeout sale.’
    • ‘Anyway, I bought the E. T. cartridge shortly after the crash in 1984 at a Sears closeout store for only $2.’
    • ‘The last day was grim, with a succession of closeout sales clearing out all but the most shunned of merchandise.’
    • ‘The Internet also makes him aware of closeout items where his clients can get great prices on products or brands that might usually be out of their price range.’

Pronunciation

closeout

/ˈklōzout//ˈkloʊzaʊt/