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Related WikiPedia: closeout
English 1 sense of the word closeout:
NOUNactcloseouta sale intended to dispose of all remaining stock
Englishcloseout: 1 sense noun 1, act
MeaningA sale intended to dispose of all remaining stock.
Broadersale, cut-rate sale, sales eventAn occasion (usually brief) for buying at specially reduced prices
Verbsclose outterminate by selling off or disposing of

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