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What is the definition of the term close out?

Updated: 8/20/2019
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โˆ™ 10y ago

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The term 'close out' is usually used to describe the clearing of stock by means of a discount sale. It can also be used to describe an article bought at such a sale.

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โˆ™ 10y ago
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Q: What is the definition of the term close out?
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