Cut-rate sales are one of the most sought-after occasions for shoppers. These sales are famous for their heavily discounted prices and their fleeting nature. A cut-rate sale can also be called a clearance, discount, or bargain sale. Other synonyms for cut-rate sale include markdown, closeout, fire sale, blowout sale, and inventory reduction sale. Some stores may use the term 'sale-a-thon' to denote their extended period of discounted merchandise. Regardless of the term, shoppers know that these sales are an opportunity to save big on a wide variety of items, including clothing, electronics, and household goods. So, whether it's called a clearance sale or a blowout, savvy shoppers always keep their eyes peeled for these discounted events.