Closing out sales refer to the process of selling off remaining inventory or merchandise at a discounted price. There are several synonyms that can be used to describe this process, including liquidation, clearance, blowout, and final sale. Liquidation is the process of selling off all remaining assets in a business or store, often due to bankruptcy or closure. Clearance refers to the act of clearing out merchandise in order to make room for new products, while a blowout sale generally implies a significant reduction in prices to move inventory quickly. A final sale is the last opportunity for customers to purchase a product before it is no longer available. Regardless of the term used, closing out sales present a great opportunity for customers to snag deals on quality products.