closeout
Pronunciation: [ˈkloʊs.aʊt]
Word
Context: “sales”
(noun) a special sale that happens to clear out almost all of a store's products, usually at discounted prices. It's like a big clearance to get rid of everything before a store closes or when a brand is ending.
Example
The store's closeout sale helped them sell all the remaining toys at very low prices.
Example
The regular sale wasn’t a closeout; new items were still available and the store wasn’t closing.
Example
When is the closeout sale happening at the store?
Context: “transaction”
(verb) to finalize a sale or transaction, making sure everything is complete and ready. It’s like finishing all the steps to buy something or close a deal.
Example
We were able to close out the deal quickly before the deadline.
Example
They didn’t close out the sale before the end of the month, so they lost the opportunity.
Example
Can you explain how to close out a sale?
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