close out

close out
verb Date: 14th century transitive verb 1. a. exclude b. preclude <
close out his chances
>
2. a. to dispose of a whole stock of by sale b. to dispose of (a business) c. sell <
closed out his share of the business
>
d. to put (an account) in order for disposal or transfer 3. a. to bring to an often rapid or abrupt conclusion <
close out a career
>
b. to discontinue operation of intransitive verb 1. to sell out a business 2. to buy or sell securities or commodities in order to terminate an account

New Collegiate Dictionary. 2001.

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