closeout

noun2

1. •
   A sale in which all merchandise is sold, at whatever reduced price is necessary; especially, such a sale for the purpose of either dispensing with a discontinued product line or preparing to close down the store.
2. •
   A wave which breaks all at once, as opposed to breaking progressively along its length.

   • Dealing with closeouts is something every surfer should learn – especially if you live and surf in California. — 2004