closeout
closeout Lexical Profile
closeout Game Scores & Validity
• adjective
American Relating to or sold during a final clearance sale at heavily reduced prices.
"Shoppers lined up early to take advantage of the store's closeout prices on winter coats."
• noun
American A sale in which all remaining merchandise is sold off at reduced prices, often because a business is closing or discontinuing a product line.
"We bought our patio furniture at a steep discount during the department store's seasonal closeout."
American The formal completion, settlement, or winding up of a project, contract, or financial account.
"The project manager scheduled a final meeting to review the documentation required for contract closeout."
American In basketball, the defensive action of sprinting toward an open perimeter shooter and transitioning into a balanced stance to contest a shot or prevent a drive.
"The coach emphasized that a disciplined closeout on three-point shooters is essential to winning the championship."
Word Nuance & Usage
The noun and adjective are written as one word ('closeout'), whereas the phrasal verb is written as two separate words ('close out', as in 'They plan to close out the store's inventory').