closeout

1 ENTRIES FOUND:
closeout /ˈkloʊzˌaʊt/ noun
plural closeouts
closeout
/ˈkloʊzˌaʊt/
noun
plural closeouts
Britannica Dictionary definition of CLOSEOUT
[count] US
1 
a  : a sale in which a store tries to sell all of its products because the store is going out of business
b  : a sale to sell all of the old models of a product so that a store can sell the new models
2 
: a product that is being sold at a closeout — see also close out at 1close