close out

phrasal verb·1 sense·particle out

Meanings

1

End or settle a process or account

Why “out”? Going outward until nothing remains. Supply is gone.

They closed out the account.
They settled and ended the account.
They closed out the project after approval.
They settled and ended the project after approval.

Don't confuse with

close outclose down

Close out means end or settle a process or account. Close down means permanently stop a business or service.

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They closed out the account. What does it mean?

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