A closeout or clearance is the final sale of an item or items to zero inventory. It may be a given moel of item that is not selling well, or in the case of the final closure of a retailer because of a relocation, a fire (fire sale), or especially because of a bankruptcy. In the latter case, it is usually known as a going-out-of-business sale, and is part of a liquidation. A "hail sale" is a closeout at a car dealership after hail damage. Often, when the store is shutting down, they let people know that this is their last chance to buy the merchandise.