ˈklōz- transitive verb
1.
a. : exclude
b. : preclude
close out his chances
2.
a. : to dispose of a whole stock of by sale often at a concession
b. : to make final disposal 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 a rapid or abrupt conclusion : terminate
b. : to withdraw from operation : dismantle and discontinue
intransitive verb
1. : to sell out a business
2. : to buy or sell securities or commodities in order to terminate an account (as when margin is exhausted)