Closeout (noun) Definition, Meaning & Examples

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noun
  1. a sale on all goods in liquidating a business.
  2. a sale on goods of a type that will no longer be carried by the store.
  3. an article of merchandise offered for sale at a closeout.
verb
  1. to terminate (a client's or other account) on which the margin is inadequate or exhausted, usually by sale of securities to realize cash
Closeout (noun) Definition, Meaning & Examples

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