Meaning of the word "close out" in English
What does "close out" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
close out
US /kloʊz aʊt/
UK /kləʊz aʊt/
Phrasal Verb
1.
to complete or settle something, such as a deal, a project, or a bank account
Example:
•
We need to close out the account before the end of the month.
•
The team worked hard to close out the project on time.
2.
to sell all of a particular type of goods, usually at a reduced price, because you are stopping selling them
Example:
•
The store is closing out its winter stock.
•
They decided to close out the line of electronics.
Noun
a sale of goods at reduced prices to get rid of them
Example:
•
I bought these shoes at a closeout sale.