Usually means: Final sale to clear inventory.
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We found 21 dictionaries that define the word closeout:

General (17 matching dictionaries)
  1. closeout: Merriam-Webster.com
  2. closeout: Oxford Learner's Dictionaries
  3. closeout: American Heritage Dictionary of the English Language
  4. closeout: Vocabulary.com
  5. Closeout, closeout: Wordnik
  6. closeout: Wiktionary
  7. closeout: Webster's New World College Dictionary, 4th Ed.
  8. closeout: The Wordsmyth English Dictionary-Thesaurus
  9. closeout: Infoplease Dictionary
  10. closeout: Dictionary.com
  11. Closeout (sale), Closeout (surfing), Closeout: Wikipedia, the Free Encyclopedia
  12. closeout: Rhymezone
  13. closeout: Free Dictionary
  14. closeout: Mnemonic Dictionary
  15. closeout: Dictionary/thesaurus

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. closeout: Legal dictionary
  3. BusinessDictionary.com (No longer online)

Medicine (1 matching dictionary)
  1. closeout: Medical dictionary

(Note: See closeouts as well.)

Definitions from Wiktionary (
)
American English Definition British English Definition
noun:  (surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
noun:  (retail) A 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.

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