Closed out is a term used to describe the completion of a task or job. It can also refer to the end of a business transaction. The crossword solutions for closed out are ICED and ACED. ICED stands for 'In Case of Emergency, Do' and is a phrase used to indicate that a certain action should be taken in an emergency situation. ACED stands for 'Achieved Completely, Ended Successfully' and is a phrase used to indicate that a task has been completed successfully.