GOING-OUT-OF-BUSINESS SALE

Pronunciation (US): (GB):

Meaning:

A sale of all the tangible assets of a business that is about to close

Example:

during the Great Depression going-out-of-business sales were very common

Classified under:

Nouns denoting acts or actions

Hypernyms ("going-out-of-business sale" is a kind of...):

cut-rate sale; sale; sales event (an occasion (usually brief) for buying at specially reduced prices)