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The meaning of CLOSEOUT is a clearing out by a sale usually at reduced prices of the whole remaining stock (as of a business). How to use closeout in a sentence.

Closeout deals refer to the clearance of merchandise that retailers like Kohl's are looking to sell off quickly. These deals typically involve products that are being phased out, discontinued, or …

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CLOSEOUT meaning: 1. an occasion when the price of goods in a shop or factory is reduced so they can be sold quickly…. Learn more.

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