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English definition of “collapse”

collapse

noun [C or U]     /kəˈlæps/
the sudden failure of a system , organization , business , etc.: A poor economy has caused the collapse of thousands of small businesses .on the brink/verge of collapse Negotiations between the two companies are on the brink of collapse
FINANCE a sudden fall to a much lower level : the collapse of the American real estate market a price/market collapse Did options accelerate the oil price collapse?
(Definition of collapse noun from the Cambridge Business English Dictionary © Cambridge University Press)
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