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TeachMeFinance.com - explain Closed out historic definition... Closed out -- Finally disposed of. For instance, when the last of a lot of stock that has been carried (or held) is sold it has been closed out. Also, when the account of a speculator has been liquidated without his consent because of failure on his part to provide additional margin he has been closed out, or more correctly speaking, his account has been closed out. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.