Noun
a sale of all the tangible assets of a business that is about to close
Source: WordNetduring the Great Depression going-out-of-business sales were very common Source: Internet
Lord & Taylor, the nation’s oldest department store, is currently conducting its going-out-of-business sale at its remaining 38 locations. Source: Internet
Working as a clown advertising a going-out-of-business sale on the street, Arthur has his sign stolen by street kids, who break it on his face before beating him viciously. Source: Internet