checkout

[chek-out]
noun
1.
the procedure of vacating and paying for one's quarters at a hotel.
2.
the time before which a hotel room must be vacated if another day's charge is not to be made.
3.
an examination of fitness for performance: The checkout of the new plane was successful.
4.
a series of sequential actions to familiarize oneself with new equipment.
5.
itemization and collection of amounts due for purchases: Retailers need to improve online checkout.
6.
Also called checkout counter. a counter where customers pay for purchases: The supermarket has five checkouts.
Also, check-out.


Origin:
1920–25, Americanism; noun use of verb phrase check out

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Etymonline
Word Origin & History

checkout
1944, from check + out. Originally "training given to a pilot for using a specific aircraft;" hotel sense is from 1958.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The racks leading up to the checkout line are prime real estate for impulse
  buys.
Upon suspicion, report, checkout and even choose to report to local authorities.
The data in the scanner can then be downloaded to a self-service checkout
  counter for easy and fast payment.
The checkout period often differs among different types of patrons.
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