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English definition of “wind (sth) down”

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wind (sth) down

verb uk phrasal verb with wind   /waɪnd/ (wound, wound) us  
to end gradually or in stages, or to cause something to do this: The government intends to wind the scheme down in the spring. Unfortunately, the party was just winding down as we got there. If a business or organization winds down, or if someone winds it down, the amount of work it does is gradually reduced until it closes completely: They're winding down their operations abroad because they're losing money.
(Definition of wind (sth) down from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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