Meaning of the word "be out of stock" in English

What does "be out of stock" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

be out of stock

US /bi ˈaʊt əv stɑːk/
UK /bi ˈaʊt əv stɒk/

Phrase

not available for sale because all of it has been sold

Example:
I wanted to buy the new phone, but it was out of stock.
The popular toy is currently out of stock everywhere.