closeout

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closeout /ˈkloʊzˌaʊt/ noun
plural closeouts
closeout
/ˈkloʊzˌaʊt/
noun
plural closeouts
Learner's definition of CLOSEOUT
[count] US
: a sale in which a store tries to sell all of its products because the store is going out of business
: a sale to sell all of the old models of a product so that a store can sell the new models
: a product that is being sold at a closeout see also close out at 1close
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