[klohz-out] 
| 1. | a sale on all goods in liquidating a business. |
| 2. | a sale on goods of a type that will no longer be carried by the store. |
| 3. | an article of merchandise offered for sale at a closeout. |
| close·out (klōz'out') n. A sale in which all remaining stock is disposed of, usually at greatly reduced prices. |