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 finance, 'close out' can mean finalizing a deal or account. A financial analyst might say, 'We need to close out this account before the end of the fiscal year.'

Practice Scenarios

Creative

Scenario:

We've almost completed the shooting for our film. Once the last scene is done, we'll be ready to move on.

Response:

I agree, let's close-out the shooting and commence the post-production.

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.