Definition, Meaning & Synonyms
close-down
verb
/kloʊz daʊn/
Definition
To cease the operation of a business or service.
Examples
- The company had to close down due to overwhelming debt.
- The local cafe decided to close down after twenty years of service.
- Many businesses closed down during the economic downturn.
Meaning
The act of stopping the functioning of an organization, usually due to financial reasons or a strategic decision.
Synonyms
- shut down
- cease operations
- discontinue
- terminate
