Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “close-down”

close-down

noun [C or U] ( also close down, closedown)
 
 
the act or process of ending the operations of a business, system, industry, etc. either temporarily or permanently: The partial government close-down is now in a record 20th day. →  See also shutdown
ACCOUNTING the act of ending the payment of invoices for a particular month or the date this happens, so that any invoices received after this date are not processed until the following month: Monthly close down of costs will usually occur at the end of each calendar month. Be aware that without forward planning the Christmas close-down period can delay payment by 28 days.
(Definition of close-down from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of close-down?
Add Cambridge dictionaries to your browser to your website

Word of the Day

beginner's luck

unexpected success experienced by a person who is just starting a particular activity

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More