1) Cut-rate sale 2) Liquidation sale 3) Retailing terminology 4) Sale 5) Sales event 6) Shelf-clearing sale 1) Firesale 
[sale] A closeout or clearance is the final sale of an item or items to zero inventory. It may be a given model of item that is not selling well, or in the case of the final closure of a retailer because of a relocation, a fire (fire sale), or especially because of a bankruptcy. In the latter case, it is usually known as a going-out-of-busi...[surfing] A close out is a surfing term to describe wave formations that do not allow a tubular ride or smooth ridable transitional and optimum trajectory of hydrodynamic wave action from drop in to either left or right. When a wave closes out, a surfer may drop-in from the wave crest and have nowhere ridable to go without encountering or r...
[n] - a sale intended to dispose of all remaining stock
A closeout is a defensive action that occurs when an offensive player receives the basketball and their defender must sprint towards them to prevent the shot while also attempting to prevent the offense from driving towards the hoop.
noun a sale intended to dispose of all remaining stock
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.