Oxford Dictionary English closeout nounnoun BrE BrE//ˈkləʊzaʊt// ; NAmE NAmE//ˈkloʊzaʊt// (North American English) Add to my wordlistjump to other resultsan occasion when goods are sold cheaply in order to get rid of them quicklySee closeout in the Oxford Advanced American DictionaryCheck pronunciation: closeout oxfordlearnersdictionaries.com