closeout
IPA: kɫˈoʊsaʊt
noun
- (surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
- (retail) 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.
close out
IPA: kɫˈoʊsˈaʊt
verb
- (transitive) To terminate; to call the end of.
- (transitive, marketing) Synonym of close (“to make a sale”)
- (surfing) Of a wave, to break all at once, instead of progressively along its length.
- (computing) To terminate a computer program.
- (transitive) To exclude by blocking all opportunities to enter or join.
- (finance) To make trades offsetting an existing position, leaving the trader with a neutral position.
- (aerospace) To seal off.
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