Definitions
There are 3 meanings of the phrase
Close Out.
Close Out - as a verb
Terminate by selling off or disposing of
Example: "He closed out his line of sports cars"
To finish off
Example: "We closed out our account"
Example Sentences
"I need to close out my bank account before opening a new one."
"The store will close out all winter clothing to make space for the spring collection."
"Let's close out this project and move on to the next one."
"The team tried to close out the game but their opponents scored a late goal."
"I always make sure to close out all the apps on my phone before going to bed."