Pronunciation: ' kl ō z-
Function: transitive verb
Date: 14th century
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