close·out 
/ˈkloʊzˌaʊt/ noun
plural close·outs /ˈkloʊzˌaʊt/ noun [count] US 1 a : a sale in which a store tries to sell all of its products because the store is going out of business
▪ a store closeout
b : a sale to sell all of the old models of a product so that a store can sell the new models 2 : a product that is being sold at a closeout
▪ a store that sells closeouts — see also close out at 1close
▪ a store closeout
b : a sale to sell all of the old models of a product so that a store can sell the new models
▪ a store that sells closeouts — see also close out at 1close
