going-out-of-business sale going-out-of-business sale

Definition(s):

  • (n) a sale of all the tangible assets of a business that is about to close

Usage(s):

  1. The going-out-of-business sale, which began the day after Thanksgiving, was hailed in full-page newspaper ads promising 20% discounts across the board.
  2. June, after three years of selling harmonicas on , Bob and Barbara Lefkowitz held what may have been the first online going-out-of-business sale.
  3. Gutierrez bought all of her store's fixtures from a going-out-of-business sale at a local mall.

News

  • Some L.A. pot shops shut down while others look to Garcetti for relief

    Some pot shops comply with warnings issued after the passage of Measure D, while others hope the new administration will bring balance to the long-running question. It was a going-out-of-business sale that only a pothead could love.        
    on July 2, 2013     Source: Los Angeles Times

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