closeout

Deverbal from close out.

closeout (plural closeouts)

1. (surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
   • 2004, Chris Cote, “HOW TO Backside Closeout Snap with Andy Irons - Ending your ride with style and drama.”, in Transworld Surf‎:

     Dealing with closeouts is something every surfer should learn – especially if you live and surf in California.

2. (retail) A sale in which all merchandise is sold, at whatever reduced price is necessary; especially, such a sale for the purpose of either dispensing with a discontinued product line or preparing to close down the store.

   Synonyms: blowout sale, clearance, fire sale

• cosolute, cut loose, octulose