going-out-of-business sale

1. 1.

   a sale of all the tangible assets of a business that is about to close

   “during the Great Depression going-out-of-business sales were very common”

   Broadersale

Questions about going-out-of-business sale

What does going-out-of-business sale mean?

going-out-of-business sale means "a sale of all the tangible assets of a business that is about to close".

Is going-out-of-business sale a common word?

going-out-of-business sale is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.