/ Dictionary / Index C closeout: Meaning and Definition of Find definitions for: close•out Pronunciation: (klōz'out"), [key] — n. a sale on all goods in liquidating a business. a sale on goods of a type that will no longer be carried by the store. an article of merchandise offered for sale at a closeout. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. See also: closeout (Thesaurus) close-order drill close position Related Content Daily Word Quiz: fervor Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language