close-out

Vocabulary Word

Definition

'Close-out' is a formal way of saying 'finish up.' It often refers to wrapping things up completely, usually in a professional context like a project or business deal.

Examples in Different Contexts

In non-profit organizations, 'close out' refers to completing a funding or campaign cycle. A director might say, 'We’re closing out our annual fundraising campaign successfully.'

Practice Scenarios

Tech

Scenario:

We have finished the testing phase for our software project. Now we need to start thinking about our final steps.

Response:

Agreed, let's close-out this software project and arrange for the delivery to the client.

Business

Scenario:

It seems like we resolved the last issue with our contract. So, it's time to finalize things.

Response:

Yes, let's close-out the deal and notify all stakeholders.