Definitions from Wiktionary (close out)

▸ verb:  (transitive) To terminate; to call the end of.
▸ verb:  (transitive, marketing) Synonym of close (“to make a sale”)
▸ verb:  (surfing) Of a wave, to break all at once, instead of progressively along its length.
▸ verb:  (computing) To terminate a computer program.
▸ verb:  (transitive) To exclude by blocking all opportunities to enter or join.
▸ verb:  (finance) To make trades offsetting an existing position, leaving the trader with a neutral position.
▸ verb:  (aerospace) To seal off.
▸ Also see close_out

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