to terminate (a client's or other account) on which the margin is inadequate or exhausted, usually by sale of securities to realize cash
2.
to bring (an event or transaction) to a successful conclusion
nouncloseout
3.
the termination of an account on which the margin is exhausted
close out in American English
US
to dispose of (goods) by sale, as in ending a business
See full dictionary entry for close
close out in Finance
(kloʊz aʊt)
Word forms: (present) closes out, (past) closed out, (perfect) closed out, (progressive) closing out
verb
(Finance: Investment, Stocks)
If you close out an account on which the margin is inadequate or exhausted, you terminate it, usuallyby selling securities to realize cash.
The debit to sales revenue and the credit to expenses close out these accounts.
He would also close out or set to zero all the revenue and expense accounts for the year in preparation forrecording the next year's activity in the following entry.
If you close out an account on which the margin is inadequate or exhausted, you terminate it, usuallyby selling securities to realize cash.
close out in Accounting
(kloʊz aʊt)
Word forms: (present) closes out, (past) closed out, (perfect) closed out, (progressive) closing out
verb
(Accounting: Basic)
If you close out an account on which the margin is inadequate or exhausted, you terminate it, usuallyby selling securities to realize cash.
The debit to sales revenue and the credits to expenses close out these accounts.
He would also close out or set to zero all the revenue and expense accounts for the year in preparation forrecording the next year's activity in the following entry.
If you close out an account on which the margin is inadequate or exhausted, you terminate it, usuallyby selling securities to realize cash.
Examples of 'close out' in a sentence
close out
I do the warning first though so nobody sully you fore I close out.
Womack, Jack RANDOM ACTS OF SENSELESS VIOLENCE (1993)