What is another word for closeout?
Pronunciation: [klˈə͡ʊsa͡ʊt] (IPA) 
Closeout is a term used in business to refer to the process of selling off merchandise at reduced prices to clear inventory. However, there are synonyms for this term used in different contexts. In construction, closeout refers to the final stage of a project, which may include reviewing the final plans, cleaning the site, and ensuring that all contractual obligations are met. In retail, clearance sale is often used interchangeably with closeout. The terms are similar as they refer to the process of getting rid of extra inventory to make room for new products, although clearance may imply a limited time offer. Other synonyms for closeout include liquidation, clearance event, final sale, and end-of-season sale.
