closeout

/K L OW1 S AW0 T/
noun
  1. 1

    A wave which breaks all at once, as opposed to breaking progressively along its length.

    “Dealing with closeouts is something every surfer should learn – especially if you live and surf in California. — Chris Cote, Transworld Surf https//web.archive.org/web/20051223005322/http://www.transworldsurf.com/surf/howto/article/0,,595802,00.html”

  2. 2

    (retail) A sale in which all merchandise is sold, at whatever reduced price is necessary

Synonyms

fire sale

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Source: https://en.wiktionary.org/wiki/closeout

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