Merriam-Webster Collegiate Dictionary - close out

 verb  Date: 14th century  transitive verb  1.  a. exclude  b. preclude ~ his chances  2.  a. to dispose of a whole stock of by sale  b. to dispose of (a business)  c. sell closed out his share of the business  d. to put (an account) in order for disposal or transfer  3.  a. to bring to an often rapid or abrupt conclusion ~ a career  b. to discontinue operation of  intransitive verb  1. to sell out a business  2. to buy or sell securities or commodities in order to terminate an account