Going-out-of-business Sale (Noun)
Meaning
A sale of all the tangible assets of a business that is about to close; "during the Great Depression going-out-of-business sales were very common".
Classification
Nouns denoting acts or actions.
Examples
- The store is having a going-out-of-business sale, and everything must go by the end of the week.
- The owner decided to hold a going-out-of-business sale to get rid of all the remaining inventory before closing the doors for good.
- During the economic downturn, many local businesses were forced to hold going-out-of-business sales to stay afloat.
- The going-out-of-business sale at the department store attracted large crowds of bargain hunters looking for deep discounts.
- After 20 years in operation, the family-owned restaurant announced it would be holding a going-out-of-business sale before closing its doors forever.