Clearance sale

A closeout or clearance sale is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire, over-ordering, or especially because of bankruptcy. In the latter case, it is usually known as a going-out-of-business sale or liquidation sale, and is part of the process of liquidation.

A hail sale is a closeout at a car dealership after hail damage.

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Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 4.0

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