closeout

See also: close out

English

Etymology

Deverbal from close out.

Noun

closeout (plural closeouts)

  1. (surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
    • 2004, Chris Cote, “HOW TO Backside Closeout Snap with Andy Irons - Ending your ride with style and drama.”, in Transworld Surf‎[1]:
      Dealing with closeouts is something every surfer should learn – especially if you live and surf in California.
  2. (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.
    Synonyms: blowout sale, clearance, fire sale
    • 2017 May 23, Gregory Krieg and Will Mullery, “Trump’s budget by the numbers: What gets cut and why”, in CNN‎[2]:
      The Administration’s request of $12 million will allow TDA to conduct an orderly closeout of the agency beginning in 2018, which includes sufficient funding for personnel, rent, program, and other closeout costs.

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