closeout

plural closeouts

1. hobbiesA wave which breaks all at once, as opposed to breaking progressively along its length.

   Dealing with closeouts is something every surfer should learn – especially if you live and surf in California.

   2004, Chris Cote, “HOW TO Backside Closeout Snap with Andy Irons - Ending your ride with style and drama.”, in Transworld Surf

2. businessA 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.

   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.

   2017 May 23, Gregory Krieg and Will Mullery, “Trump’s budget by the numbers: What gets cut and why”, in CNN

   Synonyms: blowout sale, clearance, fire sale