closeout — English Dictionary

Noun

1. A wave which breaks all at once, as opposed to breaking progressively along its length.

   Examples

   Dealing with closeouts is something every surfer should learn – especially if you live and surf in California.

2. A sale in which all merchandise is sold, at whatever reduced price is necessary; especially, such a sale for the purpose of either dispensing with a discontinued product line or preparing to close down the store.

   Synonyms

   blowout saleclearancefire sale

   Examples

   More examples (1)

   The Administration’s request of $12 million will allow TDA to conduct an orderly closeout of the agency beginning in 2018, which includes sufficient funding for personnel, rent, program, and other closeout costs.

Noun

1. a sale intended to dispose of all remaining stock

   Broader terms

   salecut-rate salesales event