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Closing a business and ceasing to operate a business

close

verb

to stop doing business or operating permanently

shut down

if a shop, school, factory, or business shuts down, or if someone shuts it down, it closes, usually permanently

wind up

to close a business

go under

if something such as a business goes under, it fails completely and stops operating

liquidate

verb

to close a business and sell everything that it owns, usually in order to pay money that is owed

fold

verb

if a business folds, it closes because it is not able to make enough money

crash

verb

if a business crashes, it fails suddenly and completely

fail

verb

if something such as a business or a relationship fails, it has a lot of problems and can no longer continue

go out of business

if a company goes out of business, it stops doing business permanently, especially because it has failed

closure

noun

the process of making a business or institution stop operating permanently

Word of the Day

resurrection

the occasion on which Jesus Christ was brought back to life after his death, according to the Bible

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