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English definition of “wind (sth) down”

wind (sth) down

phrasal verb with wind     /waɪnd/ verb (wound, wound)
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.Causing something to endComing to an end 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 .Starting, succeeding and failing in business
(Definition of wind (sth) down from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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