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The word "closeout" is correct and usable in written English.
It is used to refer to the end of a sale or the liquidation of a store's inventory. For example, "Sally's Store is having a closeout sale on all summer items. Get them now before they're gone!".
Dictionary
closeout
noun
A wave which breaks all at once, as opposed to breaking progressively along its length.
Exact(54)
1. Money is talking to itself again in this season's bondage and safari look, its closeout camouflage.
Mark comes flying out of one thick-muscled closeout (a wave that breaks all at once, leaving a rider nowhere to go) chattering about needing a longer board.
Lance Stephenson (20 points, 9-of-15 shooting) had his best outing since he scored 25 points in Indiana's closeout game against the Knicks.
As the Mets parted ways with back-slapping hugs, they also left behind a controversy after Collins removed his star Jose Reyes in the first inning of Miguel Batista's closeout, 3-0, victoverover the Reds.
So when Ms. Pinto abruptly put up a "closeout sale" sign in the window of her West Loop boutique and announced that she was folding her fashion business, Chicago — and Pinto devotees all over — reacted with disbelief: What in sartorial heaven happened?
Mr. Abdullah said that fresh closeout merchandise arrived daily, and that the new items always went up front for variety.
The Spurs won't be an easy closeout for the Grizzlies, who are looking for their first playoff series victory.
The 6-11 Daye –- who made 40 percent of his 3-point attempts last year -– should be able to rise and fire against anything other than a hard closeout from a quick-footed big man or a long-armed wing player.
One recent weekday, Ms. Roth's store seemed busier than ever — but that was because she was selling her wares at a closeout discount.
For those seeking closeout bargains, manufacturers and dealers are pushing the usual year-end incentives on 2010 models.
Fifteen years ago, the cube "was in the closeout bin," said Joe Sequino, a spokesman for Winning Moves, the company that shares cube-manufacturing responsibilities in America, with Hasbro.
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