close-down - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

airwaves

the radio waves used for broadcasting radio and television programmes, or, more generally, radio or television broadcasting time

Word of the Day

They sometimes go here and they never go there: using adverbs of frequency

by Liz Walter,
April 29, 2015
Sometimes, always, often, never: these are some of the most common words in English.  Unfortunately, they are also some of the words that cause the most problems for students. Many of my students put them in the wrong place, often because that’s where they go in their own languages. They say things

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Contestants…suck on a modified vaper until they’ve filled their chest cavity with enough vaporised nicotine “e-juice” to shoot out a belch of white smoke upwards of 4ft long.

Read More