Definition

A type of sale where all remaining items are sold off, often at lower prices to clear out stock.

Example

The store held a closeout sale to get rid of its old inventory.

Conversation

Have you heard about the closeout sale at the local store?

Yeah, I did! I think they’re clearing out all their old stock.

I’m thinking of checking it out to find some good deals.

Definitely go! You might score some great items at a low price.

Synonyms & Antonyms

Root Explanation

Closeout → It is formed from "close" (from Old French *clore*, meaning to shut or finish) and "-out" (a suffix indicating completion or removal). The word "closeout" refers to the act of shutting down or finishing a sale, often at a discounted price.

Memory Tip

Think of 'closing' something down or finishing it, which is what a closeout sale does — it signifies the end of a stock or inventory.

Visually Confused Words